Wednesday, 20 January 2021
In this week's QSL Market Update:
- Trading: It has been a volatile month of trading with lows of 14.28 USc/lb to multi-year highs last week of 16.75 USc/lb against the March 21 prompt position
- Brazil: All eyes remain on the weather as analysts try to determine the size of next year's crop. While reasonable rains have eased some concerns following a dry November, December, more dry weather is forecast for February and March
- COVID-19 impact: As has been the case for the majority of the past year off-shore factors have been the dominant driver for AUD price action
To read the full QSL market report, please click here.