IKON Commodities Pty Ltd

28/11/2024

Great progress on Aussie harvest - despite the latest rains!

18/11/2021

https://twitter.com/IKONcommodities/status/1461178761555021828

15/11/2021

https://twitter.com/IKONcommodities/status/1460098982915436550/photo/1

“Exactly how much rain has fallen in the grain areas of Australia? The table below show comparative rainfall for key locations in each state.”

21/05/2021

AUSSIE 21/22 GRAIN CROPS BIG AGAIN

The current moisture levels and the outlook for the coming 2021/22 Aussie grain winter crop are looking good in most areas so far and may well continue to improve. In the second update of the 2021/22 crop outlook, IKON has increased forecast production for the main crops significantly. Next year’s wheat crop, which is in the final stages of planting, has been increased by almost 1 million mt to 29.5 million mt, which is well above average, but still below last season’s stunning crop of 34.8 million mt. The second biggest grain crop is barley and the forecast there has been increased by just under 450,000mt to a solid 10.5 million mt, which will still be well below last year’s 13.2 million mt. The Aussie canola crop is the standout in this update as the crop has been increased by 1.1 million mt to 4.7 million mt due to the high global oilseed prices and optimal subsoil moisture levels in NSW and WA, encouraging planting at nearly record high levels. This put the canola crop above even last year’s massive (and at that time) record crop.

18/05/2021

Following last season's stunning crop we expect national production to reach new record high of 4.7 million mt, while planting area is expected to land just under a record seen in 2012/13 season when 3.3 million ha was planted across the country. This shift to bigger canola production can be attributed to record high global prices and optimal subsoil moisture in NSW and WA prompting growers to plant at very high levels.

07/05/2021

IGC say next years wheat crop 6 million mt higher than this years

09/10/2020

The latest rally in prices seems very much contrary to the global S&D numbers (see below for latest AMIS global S&Ds).

17/07/2020

Dont miss the AGIC conference

07/07/2020

IKON Commodities are pleased to announce Kristen Hopkins has joined the team and will focus on adding an exchange traded futures and options brokerage capability to the IKON portfolio.

Kristen has over 15 years’ experience in business development, helping institutions trade financial markets, holding positions in Singapore, Dubai and Sydney working for companies such as ASX, INTL FCStone, MF Global, GFI Group and Reuters. Kristen has been active in servicing clients in the Australian grain industry with their commodity price risk management requirements since 2010 for both the ASX and INTL FCStone. At the ASX, in the Energy and Commodities team, he championed the strategy for ASX Grains Futures. At INTL FCStone he serviced institutional clients hedging needs across an array of agricultural commodities and FX, both exchange traded and OTC.

15/06/2020

At the end of May we looked at the ASX200 in the GFC period as well as the COVID crisis so far. We fear the latest rally is a false start and over the last two weeks the pattern in COVID continue to be consistent with the pattern in the GFC.

02/06/2020

The current recovery of ASX following the COVID drop looks very similar to the initial recovery after the GFC drop (see chart of ASX S&P200). Risk is now that the recovery is a false start like we saw in the GFC.

29/05/2020

Weekly ethanol production for the week ending 22nd of May increased to 724 kbpd from 663 kbpd week prior - marking the 4th consecutive week of increased production but much lower than pre-pandemic levels (Chart 1). However, Apple Mobility Trend data suggests otherwise with driving reported at levels of pre-pandemic (Chart 2) - potentially signalling quicker recovery of ethanol than initially anticipated (https://www.apple.com/covid19/mobility).