Daily Market Comment - 3/02/09

Tuesday, February 03, 2009

The US wheat market traded a tight range eventually closing lower despite some buying support in afternoon trade.

Chicago Wheat for March 2009 is down 4 ¼ cents to 563 ¾ cents per bushel.

Chicago Corn for March 2009 is down 8 ½ cents at 370 ½ cents per bushel.

Winnipeg canola for March 2009 is down 0.40 to $419.30 Canadian a tonne.

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

$260 – Brisbane
$252 – Gladstone
$280 – Newcastle
$282 – Port Kembla
$297 – Geelong
$297 – Portland
$284 – Port Adelaide
$287 – Port Lincoln
AWB’s 0809 canola price today is unchanged at $552.00 per tonne, based on 42% oil, delivered Geelong.

All prices are quoted GST exclusive.

Sourced from AWB.