QCS in-season pricing
2020 Season pool prices at
31 December 2020
AUD IPS
QCS Short Term Pool
400.75
QCS Shared Pool
2,625.59
Sugar
The global surplus remains at the forefront for the sugar market.
There is potential to see the lower end of 10.50 USc/lb, but at what point do we bounce?
Ethanol parity is seemingly capping the market out at 12 cents.
Risk, as has been the case for the majority of this year, remains to the downside.
Macro/currency commentary
Despite the trade war being played out by the US and China, the AUD keeps bouncing off USD 0.7350.
There remains no good new news for the AUD, as it gyrates in the USD 0.7350–0.7450 range.
Domestic data more recently has been positive, with the RBA keeping rates on hold this week.
Read full article