Commodity Future CME CORN FUURES Main Board Month Close Change Last Change CME Corn May'13 6511/4 21/4 654 23/4 CME Corn Jul'13 6331/2 1 6353/4 21/4 CME Corn Sep'13 567 1/4 5671/2 1/2 CME Corn Dec'13 544 1 545 1 CME Corn Mar'14 554 3/4 5551/4 11/4 CME Corn May'14 562 3/4 0 0 CME Corn Jul'14 5671/4 1/2 0 0 Gold 07:18 1560.8 Rand/Pound 07:15 13.6627 Brent Crude 07:18 104.28 Rand/Euro 07:15 11.6686 Rand/Dollar 07:18 8.8953 Dollar/Euro 07:18 1.3119 Net LAES SPO PRICES Overnight Market Net Rudi Swanepoel el: 011-787 3666 Fax: 011-787 3710 rudi@farmwise.co.za www.farmwise.co.za US CORN RECAP Morning Agricultural Market Report CME CORN FUURES MARKE RECAP May corn traded higher on the day but saw a modest amount of profit taking at the closing bell while the December contract finished in negative territory following yesterday's slightly supportive USDA report. ight cash markets and firm interior basis levels helped to support the move but basis weakened at some ethanol plants across the US on stable inventories. Bull spreads in old vs. new crop contracts were extremely active throughout the day as traders weigh old crop supply tightness against expectations for a large 2013/14 crop. he huge corn crop from Ontario might weigh on cash markets in the east as many expect up to 1 million tonnes of corn to be imported by ethanol and feed companies this crop year. his would be the second largest Canadian corn export program on record, only to be outdone by 1.7 million tonnes 2 years ago. he import program would be equivalent to near 40 million bushels of corn while the USDA is estimating imports of 125 million. Additional imports are expected from Argentina over the coming months. Weekly QCN3 Cndl, QCN3, rade 2013/04/14, 615 3 /4, 647 1 /4, 615 3 /4, 635 3 /4 SMA, QCN3, rade (Last), 13 2013/04/14, 686 1 /2+ SMA, QCN3, rade (Last), 21 2013/04/14, 697 1 /4+ CME JULY'13 CORN - WEEKLY SNAPSHO 12 April 2013 2011/02/13-2013/05/26 (CHG) 780 760 US CORN SUPPLY & DEMAND PROJECION (M/Bu) Apr Apr Mar Apr (M Acres) USDA USDA USDA USDA 10-11 11-12 12-13 12-13 Planting Acres 88.2 91.9 97.2 97.2 Harvested Acres 81.4 84.0 87.4 87.4 Yield (Bu/ Acre) 152.8 147.2 123.4 123.4 Initial Stocks(M/Bu) Production Imports otal Supply 1708 1128 989 989 12447 12360 10780 10780 28 29 125 125 14182 13516 11894 11894 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 FUNDAMENAL CHARS 740 720 700 680 660 640 620 600 580 560 540 1/8 Feed/Residual Food/Seed & Industry Ethanol otal Domestic Exports otal Usage Ending Stocks Stks/Use Ratio 4795 4548 4550 4400 6426 6437 5887 5937 5019 5011 4500 4550 11221 10985 10437 10337 1834 1543 825 800 13055 12527 11262 11137 1128 989 632 757 8.6% 7.9% 5.6% 6.8%
Commodity Option Future Main Board Net Volatility Month Close Change (%) SAFEX WMAZ FUURES (Previous Close) oday's Opening Call South African Maize Recap Indicative Import and Export Parity s - USA No.3 Yellow Corn Gulf US No.3 Corn Import Parity FOR Durban Harbour Month May'13 Jul'13 Sep'13 Dec'13 Mar'14 July'14 SAFEX WMAZ Apr'13 2182 10 0.00 R 10 R/ton (Current 07:00am) 3048 3003 2781 2726 2795 2884 SAFEX WMAZ May'13 2157 22 26.00 R 10 R/ton (Previous 12:00pm) 3047 3003 2765 2706 2775 2865 SAFEX WMAZ Jul'13 2145 40 28.00 R 10 Parity Change Up/Down R 1 R -0 R 16 R 20 R 20 R 19 SAFEX WMAZ Sep'13 2176 42 27.00 R 10 SAFEX Below Durban Harbour 911 887 638 530 n/a 877 SAFEX WMAZ Dec'13 2232 44 28.50 R 10 YMAZ Export Parity Randfontein (basis USA Corn) SAFEX WMAZ Jul'14 2064 30 29.50 R 10 Month SAFEX YMAZ FUURES (Previous Close) May'13 Jul'13 Sep'13 Dec'13 Mar'14 July'14 SAFEX YMAZ Apr'13 2151 25 0.00 R 10 R/ton (Current 07:00am) 2252 2207 1986 1929 1994 2078 SAFEX YMAZ May'13 2137 30 28.50 R 10 R/ton (Previous 12:00pm) 2252 2207 1971 1910 1974 2059 SAFEX YMAZ Jul'13 2116 35 29.00 R 10 Parity Change Up/Down R 1 R -0 R 16 R 19 R 20 R 19 SAFEX YMAZ Sep'13 2143 28 26.50 R 10 SAFEX Below Export Parity -115-91 157 267 n/a -71 SAFEX YMAZ Dec'13 2196 36 26.00 R 10 YMAZ FOB Comparison R/ton SAFEX YMAZ Jul'14 2007-4 0.00 R 10 May'13 Jul'13 Sep'13 Dec'13 Mar'14 July'14 RSA MAIZE SUPPLY & DEMAND PROJECION ('000 tons) USA Corn FOB, New Orleans, Louisiana 2534 2487 2265 2206 2270 2353 RSA YMAZ FOB, Durban Harbour Brazil Port FOB, Corn, weekly prices 2457 2436 2463 2516 0 2327 2017 1961 2049 0 0 0 Argentina Port FOB, Corn, weekly prices 2152 2132 2185 0 0 0 Black Sea FOB, Corn, weekly prices 2627 2575 2504 0 0 0 Latest SAGIS Figures MAIZE EXPORS - Progressive 2012/13 Season WEEKLY PRODUCER DELIVERIES ('000) Exported from Destined for 1Mar'13 - Plus Outstanding otal Commodity Less CEC RSA: Africa Overseas 28Feb'14 Retentions Crop WMAZ 428435 931088 1359523 WMAZ 102 120 6307 6084 YMAZ 139589 99948 239537 YMAZ 186 350 5445 4909 otal 568024 1031036 1599060 otal 288 470 11752 10993 PARIY GRAPH www.grainsa.co.za
Commodity CME SOYBEAN FUURES CME Soybeans May'13 1402 91/4 1406 4 CME Soybeans Jul'13 13681/4 3/4 1372 33/4 CME Soybeans Aug'13 1331-5 1334 3 CME Soybeans Sep'13 12671/4-91/4 1270 23/4 CME Soybeans Nov'13 12263/4-103/4 12291/2 23/4 CME Soybeans Jan'14 1233-101/2 12311/2-11/2 CME SOY MEAL FUURES CME Soy Meal May'13 395.00 2.10 396.10 1.10 CME Soy Meal Jul'13 392.90 1.10 393.90 1.00 CME Soy Meal Aug'13 380.20-0.50 381.70 1.50 CME Soy Meal Sep'13 358.20-2.20 358.30 0.10 CME Soy Meal Oct'13 339.30-2.70 338.80-0.50 CME Soy Meal Dec'13 336.80-3.60 337.90 1.10 CME SOYBEAN OIL FUURES CME Soybean Oil May'13 49.77-0.26 49.72-0.05 CME Soybean Oil Jul'13 49.96-0.27 49.94-0.02 CME Soybean Oil Aug'13 49.90-0.34 49.91 0.01 CME Soybean Oil Sep'13 49.80-0.40 49.88 0.08 CME Soybean Oil Oct'13 49.61-0.40 0.00 0.00 CME Soybean Oil Dec'13 49.55-0.31 49.59 0.04 US SOYBEAN SUPPLY & DEMAND PROJECION (M Acres) Planting Acres Harvested Acres Yield (Bu/ Acre) Future Month Main Board Close Net Change Overnight Market Last Net Change Apr Apr Mar Apr USDA USDA USDA USDA 10-11 11-12 12-13 12-13 77.4 75 77.2 77.2 76.6 73.8 76.1 76.1 43.5 41.9 39.6 39.6 US SOY RECAP CME SOY FUURES MARKE RECAP May soybeans finished higher on the day while the November contract saw double digit losses and finished on the lows of the session. ight supply pipelines in the US and concerns that a port strike in Brazil might delay soybean shipments helped to support the move higher. he July/November and May/November calendar spreads exploded to the upside today as traders weigh tight old crop supplies against hefty supplies in South America. he impact on consumer demand in China from the Bird Flu continues to add a modest amount of resistance to rallies in the old crop soybean contracts. Export sales were supportive to market direction today with net weekly sales coming in at 319,200 tonnes for the current marketing year and 64,500 for the next marketing year for a total of 383,700. Cumulative sales as of April 4th came in at 99% of the USDA forecast for the current marketing year vs. a 5 year average of 90%. Sales of 19,000 tonnes are needed each week to reach the USDA forecast. Weekly QSK3 Cndl, QSK3, rade 2013/04/14, 13601 /4, 14093 /4, 13561 /4, 1407 SMA, QSK3, rade (Last), 13 2013/04/14, 14271 /2+ SMA, QSK3, rade (Last), 21 2013/04/14, 14201 /4+ CME MAY'13 SOYBEAN - WEEKLY SNAPSHO FUNDAMENAL CHARS 2011/02/20-2013/05/26 (CHG) Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 1560 1520 1480 1440 1400 1360 1320 1280 1240 1200 1160 1/8 Initial Stocks(M/Bu) Production Imports Supply, otal Crushing Exports Seed/Residual Use, otal Ending Stocks Stks/Use Ratio 151 215 169 169 3329 3094 3015 3015 14 16 20 20 3495 3325 3204 3204 1648 1703 1615 1635 1501 1362 1345 1350 130 91 119 95 3280 3155 3080 3080 215 169 125 125 6.6% 5.4% 4.1% 4.1%
Commodity Future Main Board Net Option Volatility Month Close Change (%) SAFEX SUNFLOWER FUURES (Previous Close) South African Soy and Sunflower Recap oday's Indicative Import and Export Parity s - USA SOYBEANS Opening USA SOYBEANS Import Parity FOR Durban Harbour Call Month May'13 Jul'13 Aug'13 Sep'13 Nov'13 Jan'14 SAFEX SUNS Apr'13 5175-57 0.00 R 30 R/ton (Current 07:00am) 5839 5759 5643 5434 5325 5390 SAFEX SUNS May'13 5225-50 25.50 R 30 R/ton (Previous 12:00pm) 5760 5699 5620 5419 5288 5345 SAFEX SUNS Jul'13 5312-65 30.00 R 30 Parity Change Up/Down R 79 R 60 R 23 R 15 R 37 R 45 SAFEX SUNS Sep'13 5436-51 0.00 R 30 SAFEX Below Durban Harbour 1394 1253 1157 864 775 724 SAFEX SOYA FUURES (Previous Close) USA SOYBEANS Import Parity - Delivered - Durban to Randfontein SAFEX SOYA Apr'13 4418-53 0.00 R 30 Month SAFEX SOYA May'13 4445-53 21.50 R 30 May'13 Jul'13 Aug'13 Sep'13 Nov'13 Jan'14 SAFEX SOYA Jul'13 4506-55 19.00 R 30 R/ton (Current 07:00am) 6072 5992 5876 5667 5558 5623 SAFEX SOYA Sep'13 4570-53 20.00 R 30 R/ton (Previous 12:00pm) 5993 5932 5853 5652 5521 5578 Latest SAGIS - MONHLY PRODUCER DELIVERIES Parity Change Up/Down R 79 R 60 R 23 R 15 R 37 R 45 PROG. JAN 2013 - DEC 2013 (tons) SAFEX Below Randfontein 1627 1486 1390 1097 1008 957 Commodity Farm Out- SOYBEANS Export Parity Durban Harbour Less CEC Retentions Deliveries standing Month SOYA 6870 851000 30000 814130 May'13 Jul'13 Aug'13 Sep'13 Nov'13 Jan'14 SUNS 17757 554500 0 536743 R/ton (Current 07:00am) 4732 4656 4550 4358 4257 4313 RSA SOYA AND SUNFLOWER SUPPLY & DEMAND PROJECION R/ton (Previous 12:00pm) 4661 4603 4529 4345 4225 4274 Parity Change Up/Down R 71 R 54 R 21 R 13 R 33 R 39 SAFEX Below Export Parity -287-150 -24 212 333 393 PARIY GRAPH www.grainsa.co.za
Commodity Future Month Main Board Close Net Change CME WHEA FUURES CME Wheat May'13 6973/4 1 7041/4 61/2 CME Wheat Jul'13 7031/4 1/4 7091/2 61/4 CME Wheat Sep'13 7091/2-21/4 7141/2 5 CME Wheat Dec'13 7233/4-21/2 730 61/4 CME Wheat Mar'14 7373/4-21/2 7411/2 33/4 CME Wheat May'14 7441/2-23/4 0 0 KCB WHEA FUURES Overnight Market Last Net Change KCB Wheat May'13 7383/4 83/4 7423/4 4 KCB Wheat Jul'13 7461/2 81/2 750 31/2 KCB Wheat Sep'13 7583/4 71/2 763 41/4 KCB Wheat Dec'13 774 61/4 7781/2 41/2 KCB Wheat Mar'14 7863/4 53/4 7863/4 0 KCB Wheat May'14 792 51/4 0 0 US WHEA SUPPLY & DEMAND PROJECION (M/Bu) Apr Apr Mar Apr (M Acres) USDA USDA USDA USDA 10-11 11-12 12-13 12-13 Planting Acres 53.60 54.40 55.70 55.70 Harvested Acres 47.60 45.70 49.00 49.00 US WHEA RECAP CME WHEA FUURES MARKE RECAP Chicago and KC wheat traded higher on the day with Kansas City leading the way to the upside after freezing temperatures stretched across areas of the western plains for the second day in a row. Net weekly export sales came in at 263,500 tonnes for the current marketing year, up from 141,200 the week prior. Kansas City sales were reported at 148,200 tonnes and Chicago wheat sales at 129,300 tonnes. here were also 76,000 tonnes reported for the next marketing year for a total of 339,500. As of April 4th, cumulative sales stand at 92% of the USDA forecast for the current marketing year vs. a 5 year average of 93%. Sales of 266,000 tonnes are needed each week to reach the USDA forecast, about unchanged from the week prior. he USDA also announced that 360,000 tonnes of Chicago wheat were sold to China for the 2013/14 crop year. his sale has been rumored for over a week now and many believe another 700-750,000 tonnes have yet to be announced. Weekly QZWK3 Cndl, QZWK3, rade 2013/04/14, 700, 716, 688, 703 SMA, QZWK3, rade (Last), 13 2013/04/14, 734 3 /8+ SMA, QZWK3, rade (Last), 21 2013/04/14, 766 1 /4+ CME MAY'13 WHEA - WEEKLY SNAPSHO 2010/07/18-2013/06/09 (CHG) 900 880 860 840 820 800 780 760 740 720 700 680 Yield (Bu/ Acre) Initial Stocks(M/Bu) Production Imports otal Supply Food Seed Feed/Residual otal Domestic Exports otal Usage Ending Stocks Stks/Use Ratio 46.30 43.70 46.30 46.30 976 862 743 743 2207 1999 2269 2269 97 112 130 130 3279 2974 3142 3142 926 941 950 950 71 76 75 76 132 164 375 360 1128 1182 1400 1386 1289 1050 1025 1025 2417 2231 2425 2411 862 743 716 731 35.7% 33.3% 29.5% 30.3% A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 FUNDAMENAL CHARS 660 1/8
Commodity Option Future Main Board Net Volatility Month Close Change (%) SAFEX WHEA FUURES (Previous Close) oday's Opening Call South African Wheat Recap Indicative Import and Export Parity s - USA HRW No.2 Wheat USA HRW No.2 Wheat Import Parity FOR Durban Harbour Month May'13 Jul'13 Sep'13 Dec'13 Mar'14 May'14 SAFEX Wheat Apr'13 3318-21 0.00 R 10 R/ton (Current 07:00am) 3322 3371 3439 3530 3614 3661 SAFEX Wheat May'13 3345-14 18.00 R 10 R/ton (Previous 12:00pm) 3305 3357 3426 3518 3600 3646 SAFEX Wheat Jul'13 3388-15 17.50 R 10 Parity Change Up/Down R 17 R 14 R 14 R 11 R 14 R 15 SAFEX Wheat Sep'13 3368-40 23.50 R 10 SAFEX Below Durban Harbour -23-17 71 n/a n/a n/a USA HRW No.2 Wheat Import Parity - Delivered - Durban to Randfontein Month May'13 Jul'13 Sep'13 Dec'13 Mar'14 May'14 Latest SAGIS WHEA IMPORS / EXPORS ('12/'13) R/ton (Current 07:00am) 3555 3604 3672 3763 3847 3894 Imported from: otal ons Destined for: R/ton (Previous 12:00pm) 3538 3590 3659 3751 3833 3879 RSA Africa Overseas Parity Change Up/Down R 17 R 14 R 14 R 11 R 14 R 15 Overseas 845571 822571 23000 0 SAFEX Below Randfontein 210 216 304 n/a n/a n/a Exported from: otal ons Destined for: Wheat Export Parity Randfontein Africa Overseas Month Overseas 26194 26194 0 May'13 Jul'13 Sep'13 Dec'13 Mar'14 May'14 RSA 144683 144683 0 R/ton (Current 07:00am) 2144 2185 2243 2319 2391 2430 R/ton (Previous 12:00pm) 2130 2173 2231 2310 2378 2417 Parity Change Up/Down R 15 R 13 R 12 R 10 R 12 R 13 SAFEX Below Export Parity 1201 1203 1125 n/a n/a n/a RSA WHEA SUPPLY & DEMAND PROJECION PARIY GRAPH www.grainsa.co.za
2 Weekly Precipitation Forecast Weather Forecasts : Africa Daily Precipitation Forecast - 13-Apr-13 Daily Precipitation Forecast - 14-Apr-13 IRI Seasonal Climate Forecasts Daily Precipitation Forecast - 15-Apr-13
2 Weekly Precipitation Forecast Weather Forecasts : North America Soil Moisture Outlook Weekly Precipitation Palmer Drought Index
ECHNICAL GRAPH OULOOK SAFEX JULY'13 WMAZ - DAILY RSI, QMAWN3, rade (Last), 14, Exponential 2013/04/11, 39.573 Cndl, QMAWN3, rade 2013/04/11, 2 116.00, 2 150.00, 2 105.00, 2 145.00, N/A, N/A 2MA, QMAWN3, rade (Last), 13, 21, Simple 2013/04/11, 2 230.92, 2 274.81 StochS, QMAWN3, rade, 13, 3, Simple, 3 2013/04/11, 13.865, 10.017 StochS, QMAWN3, rade, 13, 5, Simple, 5 2013/04/11, 10.973, 7.859 17 25 01 08 15 22 29 05 12 19 26 03 10 18 24 31 07 14 21 28 04 11 18 25 04 11 18 25 02 08 15 22 Sep 12 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 2 400 2 350 2 300 2 250 2 200 2 150 2 100 2 050 2 000 1 950 1 900 1 850.12
ECHNICAL GRAPH OULOOK SAFEX JULY'13 YMAZ - DAILY RSI, QMAYN3, rade (Last), 14, Exponential 2013/04/11, 40.221 Cndl, QMAYN3, rade 2013/04/11, 2 085.00, 2 120.00, 2 083.00, 2 116.00, N/A, N/A 2MA, QMAWN3, rade (Last), 13, 21, Simple 2013/04/11, 2 230.92, 2 274.81 2 350 StochS, QMAYN3, rade, 13, 3, Simple, 3 2013/04/11, 15.997, 12.613 StochS, QMAYN3, rade, 13, 5, Simple, 5 2013/04/11, 13.788, 10.426 25 01 08 15 22 29 05 12 19 26 03 10 18 24 31 07 14 21 28 04 11 18 25 04 11 18 25 02 08 15 22 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 2 300 2 250 2 200 2 150 2 100 2 050 2 000 1 950 1 900.12
ECHNICAL GRAPH OULOOK SAFEX JULY'13 WMAZ vs. CORN JULY'13 (Corn Split) - Daily MACD, Spread(QCORN3, QMAWN3), 13, 21, 5, Exponential 2013/04/11, -30.11, -28.97 Spread, QCORN3, rade (Last), QMAWN3, rade (Last), 1.0, 1.0 2013/04/11, 107.00 2MA, Spread(QCORN3, QMAWN3), 5, 13, Simple 2013/04/11, 138.40, 181.00 100.12 RSI, Spread(QCORN3, QMAWN3), 14, Exponential 2013/04/11, 35.587 23 30 06 13 20 27 03 10 17 25 01 08 15 22 29 05 12 19 26 03 10 18 24 31 07 14 21 28 04 11 18 25 04 11 18 25 02 08 15 22 Jul 12 Aug 12 Sep 12 Oct 12 Nov 12 Dec 12 Jan 13 Feb 13 Mar 13 Apr 13-20 -40.12 650 600 550 500 450 400 350 300 250 200 150
ECHNICAL GRAPH OULOOK CME JULY'13 CORN - DAILY RSI, QCN3, rade (Last), 14, Exponential 2013/04/12, 38.389 Cndl, QCN3, rade 2013/04/12, 633, 635 3 /4, 632 3 /4, 635 3 /4, +2 1 /4, (+0.36%) 2MA, QCN3, rade (Last), 13, 21, Simple 2013/04/12, 644+, 668 3 /4+ 740 730 720 710 700 690 680 670 660 650 640 630 620 StochS, QCN3, rade, 13, 3, Simple, 3 2013/04/12, 18.410, 15.081 StochS, QCN3, rade, 13, 5, Simple, 5 2013/04/12, 14.323, 9.009 17 24 01 08 15 22 29 05 12 19 26 03 10 17 24 31 07 14 22 28 04 11 19 25 04 11 18 25 01 08 15 22 Sep 12 Oct 12 Nov 12 Dec 12 Jan 13 Feb 13 Mar 13 Apr 13 610 1/8
ECHNICAL GRAPH OULOOK SAFEX MAY'13 WHEA - DAILY RSI, QWEAK3, rade (Last), 14, Exponential 2013/04/11, 27.389 Cndl, QWEAK3, rade 2013/04/11, 3 350.00, 3 350.00, 3 328.00, 3 345.00, N/A, N/A 2MA, QWEAK3, rade (Last), 13, 21, Simple 2013/04/11, 3 429.46, 3 430.90 3 700 3 650 3 600 3 550 3 500 3 450 3 400 3 350 StochS, QWEAK3, rade, 13, 3, Simple, 3 2013/04/11, 19.841, 24.815 StochS, QWEAK3, rade, 13, 5, Simple, 5 2013/04/11, 23.429, 30.535 05 12 19 26 03 10 18 24 31 07 14 21 28 04 11 18 25 04 11 18 25 02 08 15 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013.12
ECHNICAL GRAPH OULOOK CME MAY'13 WHEA - DAILY RSI, QZWK3, rade (Last), 14, Exponential 2013/04/12, 50.132 40 Cndl, QZWK3, rade 2013/04/12, 699, 704 1 /4, 698 1 /4, 703 1 /4, +5 1 /2, (+0.79%) 2MA, QZWK3, rade (Last), 13, 21, Simple 2013/04/12, 699 7 /8+, 709 5 /8+ 20 840 820 800 780 760 740 720 700 680 660 StochS, QZWK3, rade, 13, 3, Simple, 3 2013/04/12, 48.171, 51.660 StochS, QZWK3, rade, 13, 5, Simple, 5 2013/04/12, 53.720, 50.463 10 17 24 01 08 15 22 29 05 12 19 26 03 10 17 24 31 07 14 22 28 04 11 19 25 04 11 18 25 01 08 15 22 Sep 12 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 1/8
ECHNICAL GRAPH OULOOK SAFEX MAY'13 SUNFLOWER - DAILY RSI, QSUFK3, rade (Last), 14, Exponential 2013/04/11, 36.732 Cndl, QSUFK3, rade 2013/04/11, 5 200.00, 5 290.00, 5 200.00, 5 225.00, N/A, N/A 2MA, QSUFK3, rade (Last), 13, 21, Simple 2013/04/11, 5 359.46, 5 320.52 5 500 5 400 5 300 5 200 5 100 5 000 4 900 4 800 4 700 4 600 StochS, QSUFK3, rade, 13, 3, Simple, 3 2013/04/11, 11.639, 25.187 StochS, QSUFK3, rade, 13, 5, Simple, 5 2013/04/11, 24.705, 37.928 05 12 19 26 03 10 18 24 31 07 14 21 28 04 11 18 25 04 11 18 25 02 08 15 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 4 500.12
ECHNICAL GRAPH OULOOK SAFEX MAY'13 SOYA - DAILY RSI, QMSOYK3, rade (Last), 14, Exponential 2013/04/11, 24.596 Cndl, QMSOYK3, rade 2013/04/11, 4 470.00, 4 470.00, 4 430.00, 4 445.00, N/A, N/A 2MA, QMSOYK3, rade (Last), 13, 21, Simple 2013/04/11, 4 669.92, 4 705.43 4 850 4 800 4 750 4 700 4 650 4 600 4 550 4 500 4 450 4 400 4 350 StochS, QMSOYK3, rade, 13, 3, Simple, 3 2013/04/11, 4.819, 5.143 StochS, QMSOYK3, rade, 13, 5, Simple, 5 2013/04/11, 5.180, 14.966 26 03 10 18 24 31 07 14 21 28 04 11 18 25 04 11 18 25 02 08 15 Nov 12 December 2012 January 2013 February 2013 March 2013 April 2013 4 300.12
ECHNICAL GRAPH OULOOK CME MAY'13 SOY - DAILY RSI, QSK3, rade (Last), 14, Exponential 2013/04/12, 53.770 Cndl, QSK3, rade 2013/04/12, 1401 1 /4, 1409 3 /4, 1399 1 /2, 1407, +4 3 /4, (+0.34%) 2MA, QSK3, rade (Last), 13, 21, Simple 2013/04/12, 1398 3 /8+, 1409 5 /8+ StochS, QSK3, rade, 13, 3, Simple, 3 2013/04/12, 43.785, 38.823 StochS, QSK3, rade, 13, 5, Simple, 5 2013/04/12, 38.527, 23.989 01 08 15 22 29 05 12 19 26 03 10 17 24 31 07 14 22 28 04 11 19 25 04 11 18 25 01 08 15 22 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 1540 1520 1500 1480 1460 1440 1420 1400 1380 1360 1340 1/8
ECHNICAL GRAPH OULOOK CME MAY'13 SOYMEAL - DAILY RSI, QSMK3, rade (Last), 14, Exponential 2013/04/12, 38.245 USD Sn Cndl, QSMK3, rade 2013/04/12, 395.0, 396.8, 394.4, 396.4, +1.4, (+0.35%) 2MA, QSMK3, rade (Last), 13, 21, Simple 2013/04/12, 400.6, 407.2 StochS, QSMK3, rade, 13, 3, Simple, 3 2013/04/12, 12.935, 11.072 StochS, QSMK3, rade, 13, 5, Simple, 5 2013/04/12, 11.848, 9.624 17 24 01 08 15 22 29 05 12 19 26 03 10 17 24 31 07 14 22 28 04 11 19 25 04 11 18 25 01 08 15 22 Sep 12 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 USD Sn 455 450 445 440 435 430 425 420 415 410 405 400 395 390 385.1 USD Sn
ECHNICAL GRAPH OULOOK / USD - DAILY RSI, Q=, Bid(Last), 14, Exponential 2013/04/12, 27.002 /USD Cndl, Q=, Bid 2013/04/12, 8.8456, 8.9080, 8.8380, 8.8973, +0.0067, (+0.08%) 2MA, Q=, Bid(Last), 13, 21, Simple 2013/04/12, 9.0708, 9.1305 /USD 9.3 9.2 9.1 9 8.9 8.8 8.7 8.6 StochS, Q=, Bid, 13, 3, Simple, 3 2013/04/12, 10.555, 9.779 StochS, Q=, Bid, 13, 5, Simple, 5 2013/04/12, 11.349, 15.050 08 15 22 29 05 12 19 26 03 10 17 24 31 07 14 21 28 04 11 18 25 04 11 18 25 01 08 15 22 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 USD / EUR - DAILY RSI, QEUR=, Bid(Last), 14, Exponential 2013/04/12, 72.951 USD 8.5 8.4 4 /USD Cndl, QEUR=, Bid 2013/04/12, 1.3097, 1.3126, 1.3096, 1.3113, +0.0011, (+0.08%) 2MA, QEUR=, Bid(Last), 13, 21, Simple 2013/04/12, 1.2940, 1.2936 USD 1.35 StochS, QEUR=, Bid, 13, 3, Simple, 3 2013/04/12, 90.128, 89.690 StochS, QEUR=, Bid, 13, 5, Simple, 5 2013/04/12, 90.141, 77.487 08 15 22 29 05 12 19 26 03 10 17 24 31 07 14 21 28 04 11 18 25 04 11 18 25 01 08 15 22 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 1.34 1.33 1.32 1.31 1.3 1.29 1.28 1.27 1.26 1.25 1.24 4 USD 30
ECHNICAL GRAPH OULOOK ICE BREN CRUDE - DAILY RSI, QLCOc1, rade (Last), 14, Exponential 2013/04/12, 32.102 USD Bbl Cndl, QLCOc1, rade 2013/04/12, 104.25, 104.39, 104.18, 104.32, +0.05, (+0.05%) 2MA, QLCOc1, rade (Last), 13, 21, Simple 2013/04/12, 107.21, 107.71 USD Bbl 116 115 114 113 112 111 110 109 108 107 106 StochS, QLCOc1, rade, 13, 3, Simple, 3 2013/04/12, 16.607, 22.182 StochS, QLCOc1, rade, 13, 5, Simple, 5 2013/04/12, 19.714, 19.650 08 15 22 29 05 12 19 26 03 10 17 24 31 07 14 21 28 04 11 18 25 04 11 18 25 01 08 15 22 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 105 104.12 USD Bbl F-wise Capital (Pty) Ltd is a member of the Johannesburg Securities Exchange, and a wholly owned subsidiary of Farmwise Grains(Pty)Ltd Some text, images and any other material contained or displayed are proprietary to F-wise Capital (Pty) Ltd or Farmwise Grains(Pty)Ltd and constitutes valuable intellectual property intended for subscribers to services offered by F-wise Capital(Pty)Ltd or Farmwise Grains (Pty) Ltd. Any information provided in this report is for interest and educational purposes only, and does not constitute advice. F-wise Capital (Pty)Ltd or Farmwise Grains (Pty) Ltd will not be responsible for losses incurred as a result of the opinions expressed in this report. Since one deals in probabilities in market forecasting, the accuracy cannot be guaranteed. here is a risk of monetary loss in trading and/or investing on the financial markets. F-wise Capital (Pty) or Farmwise Grains (Pty)Ltd does not warrant the integrity of this communication or that it is free of errors, viruses, interception or interference. For more information about Farmwise Grains(Pty)Ltd or F-wise Capital(Pty)Ltd, visit our website at http://www.farmwise.co.za