• QCS Market Report February 2021 8 March 2021


    • The volatility in sugar price action followed that of macro sentiment, commodities and equities.
    • With very little fundamental news to hand, specs continue to push the market around following the macro environment.
    • The recently expired March 21 contract settled at 17.53 USc/lb.
    • Green Pool Commodity Specialists’ latest trade flows predict a small move from surplus to deficit through until Q4 2021.

    Macro/currency commentary

    • The reflation story helped lift the AUD to 24-month highs above USD 0.80 over the past month, before being evaporated in all but two sessions.
    • Firming equities and commodity prices were the narratives driving USD weakness.
    • Bond yields followed the same path as equities and commodities, though have been less talked about.
    • A breakout of key new highs sent traders into a flurry and the AUD lower.
    • The AUD may move higher again, given the current outlook for the economic recovery and positive local news.
    Read full article

Login to the Pricing Portal

If QCS is the marketer for all or some of your GEI sugar and you would like to forward price online, please contact us  to arrange access to the Pricing Portal.

Pricing Portal