QCS in-season pricing
2020 Season pool prices at AUD IPS
QCS Short Term Pool 410.77
QCS Shared Pool 2,669.45
Sugar
Despite the large producer selling hanging over the market, sugar prices have continued to attempt to press forward.
Fundamentally, both supply and demand variables will keep sugar in its current range.
Weather in Brazil and India remains a game changer, with a likely advance into the 12–13 USc/lb range.
Macro/currency commentary
The AUD traded comfortably above USD 0.71 this week.
Supported by positive economic data, elevated natural gas, iron ore and coal prices, the AUD looks set to break out of its recent USD 0.70–0.72 range.
The economic data calendar will be important over the coming months, as the market looks for signs to signal a rate cut.
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