• QCS Weekly Market Report 13 February 2018 13 February 2018

    Sugar

    • An uneventful week for raw sugar futures, which traded a 76-point range to finish the week slightly higher.
    • Dubai Annual Sugar Conference attendees were overwhelmingly bearish due to statistical surpluses on the way.

    Currency/macro commentary

    • Following increased volatility in global asset markets, the AUD has underperformed in the last week.
    • Over the week, the USD made up for recent weakness as yields soared, while the AUD bottomed out at USD 0.7759.
    • Locally, we saw the first RBA meeting of 2018, which was accompanied by commentary perceived as ‘more upbeat’ as the RBA left rates on hold.
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  • QCS Weekly Market Report 5 February 2018 5 February 2018

    Sugar

    • Raw sugar futures seesawed across a 58-point range last week, before eventually settling near the week high on Friday night.
    • Market fundamentals remain solid as the specs historical net short position and ethanol parity in Brazil continue to keep prices at bay.

    Currency/macro comments

    • The AUD remained under pressure into the end of the week as US Payrolls data released better than expected.
    • In addition to lingering weakness following a soft CPI print, the AUD closed at the week’s low.
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