You are here

QSL Weekly Market Update

Tuesday, 04 July 2017

After the ongoing slide over the past couple of months, the July 17 expiry gave a little bit of life back to the sugar market.

The delivery was large and from Brazil, as expected, so isn’t expected to overhang the market too much. The further reduction in gasoline prices may erode ethanol parity further and continue to encourage sugar production.

The AUD/USD has continued to remain sticky, and we’ve changed our short-term outlook pending the RBA news. Longer term we do expect that the AUD/USD could potentially receive pressure. 

Click here to read our full report.