Daily Market Comment - 20/01/09

Tuesday, January 20, 2009

US wheat opened slightly higher before rallying significantly, it dipped sharply in later trade before staging a recovery to close higher for the day. Support was provided from funds which purchased significantly on the day.
Chicago wheat for March 2009 is up 9 ½ cent at 578 ¼ cents per bushel.

Chicago corn for May 2009 is up 25 ¾ cents at 391 cents per bushel.

Winnipeg canola for March 2009 is up $2.10 to $443.10 Canadian a tonne.

AWB’s Fixed grade APW1 contract price for the 08/09 season are unchanged today at:

$273.00 – Brisbane
$265.00 – Gladstone
$288.00 – Newcastle
$288.00 – Port Kembla
$303.00 – Geelong
$303.00 – Portland
$290.00 – Port Adelaide
$293.00 – Port Lincoln
AWB’s 0809 canola price today is $560.00 per tonne, based on 42% oil, delivered Numurkah in January.

All prices are quoted GST exclusive

Sourced from AWB.