• Weekly Market Report 24 July 2017 24 July 2017


    • Raw sugar prices were almost unchanged during the week, maintaining a 14 USc/lb handle.
    • Brazilian Government tax increases to ethanol and gasoline are expected to lift parity levels, but this will be difficult to measure until pump prices are impacted.

    Currency/macro comments:

    • AUD sustained recent strength into higher ground over the last week, with a weaker USD and sentiment aiding its performance.
    • AUD finished the week on the backfoot near USD 0.79.
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  • Weekly Market Report 17 July 2017 17 July 2017


    • Raw sugar futures were on the back foot on Monday night after Indian import duty increases and more cuts to gasoline prices saw sugar prices crumble.
    • Sugar firmed in the back end of the week, erasing Monday’s losses to settle in front.

    Currency/macro comments

    • The AUD was the performer of the week, surpassing USD 0.78.
    • US retail sales and CPI missed market expectations, causing the USD to tumble.
    • Tuesday’s RBA minutes will be monitored for changes in communications on growth and inflation.
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  • Weekly Market Report 10 July 2017 10 July 2017


    • Bouncing around a 13.50–14 USc/lb range all week, prices surged higher on Friday night following another gasoline price cut by Petrobras.
    • A bearish fundamental backdrop makes it difficult to see upside above 14.50 USc/lb.

    Currency/macro comments

    • A run at USD0.77 was short lived over the past week as the AUD slipped back toward USD0.76 and firmed.
    • The RBA left rates on hold and released a statement with minor dovish changes.
    • USD strength was muted on softer wage growth and unemployment numbers, despite a 222k increase in jobs.
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