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Australia Westpac Consumer Confidence Index

Australia Westpac Consumer Confidence Change

AUDUSD increased to 0.71, the highest since February 2023. Over the past 4 weeks, Australian Dollar US Dollar gained 5.69%, and in the last 12 months, it increased 12.97%.

Australian Dollar Hits 3-year High

Cocoa is down by 5.08%

Canola increased to 666.40 CAD/T, the highest since August 2025. Over the past 4 weeks, Canola gained 7.24%, and in the last 12 months, it increased 0.3%.

Canola Hits 24-week High

Wheat futures fell below $5.28 per bushel, retreating from eight week highs last seen on January 29th, as supply risks that briefly supported prices have eased while overall availability remains ample. Early February gains driven by weather concerns have faded as short term forecasts reduced extreme cold risks and NOAA now points to wetter conditions later this month, lowering the likelihood of widespread winterkill and easing near term crop loss risks across the Plains and Midwest. Meanwhile, US export commitments are strong, running about 17% higher year on year and close to 90% of the USDA projection, yet expected US ending stocks are only seen edging lower to around 918m bushels, leaving a sizable supply buffer. At the same time, positioning has been pared back ahead of the February WASDE, reinforcing downside pressure, while competitively priced Black Sea and other export supplies continue to cap upside by keeping global availability well supplied.

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