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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Commonwealth Bank of Australia    CBA   AU000000CBA7

COMMONWEALTH BANK OF AUSTRALIA

(CBA)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 01/22
85.09 AUD   -0.27%
12:43aAustralian shares edge higher as miners, banks lead gains
RE
01/14U.S. soybeans, corn, wheat rally; below recent peaks
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01/14U.S. soy rallies on signs of strong demand; corn, wheat rise
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SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Wheat set for weekly loss of 4% on ample global stocks

12/03/2020 | 11:01pm EST

* Wheat falls on ample global stocks

* Soybeans fall as crop outlook in Brazil improves

* Corn on course for weekly loss of 2%

SYDNEY, Dec 4 (Reuters) - U.S. wheat futures edged lower on Friday as ample global stocks pushed the grain towards a weekly loss of 4%, the first weekly loss in three and the biggest decline since October-end.

Soybeans fell as rains eased fears about production in Brazil, while corn also edged lower.

The most active wheat futures on the Chicago Board Of Trade were down 0.3% at $5.82-1/2 a bushel after closing 0.7% lower in the previous session.

Analysts said the decline was due to bumper global supply expectations, boosted by weather forecasts in the Black Sea region.

Forecasters are not expecting worrisome cold in that region for another week or so, said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia.

Statistics Canada on Thursday pegged 2020/21 Canadian wheat production at 35.2 million tonnes, the country's biggest crop in seven years.

The most active soybean futures were down 0.2% at $11.65-1/4 a bushel, having firmed 1.3% on Thursday.

They are down more than 2% for the week and on track for their first weekly loss in five.

Consultancy Celeres on Thursday lowered its forecast for Brazil's soybean crop to 129.5 million tonnes from 133.95 million. But sustained concerns about crops in the country have eased in recent days.

The most active corn futures were down 0.1% at $4.22 a bushel after ending up 0.6% in the previous session.

Corn is down 2% for the week, the first weekly loss in five.

(Reporting by Colin Packham; Editing by Vinay Dwivedi)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
COMMONWEALTH BANK OF AUSTRALIA -0.27% 85.09 End-of-day quote.3.63%
CORN FUTURES (C) - CBR (FLOOR)/C1 -4.53% 500.5 End-of-day quote.3.41%
EURO / BRAZILIAN REAL (EUR/BRL) 0.06% 6.657 Delayed Quote.2.58%
SOYBEAN MEAL FUTURES (ZM) - CBE (ELECTRONIC)/C1 -3.93% 421 End-of-day quote.0.87%
SOYBEAN OIL FUTURES (ZL) - CBE (ELECTRONIC)/C1 -2.95% 42.15 End-of-day quote.-2.45%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 -3.97% 634.5 End-of-day quote.-0.94%
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Financials
Sales 2021 23 392 M 18 096 M 18 096 M
Net income 2021 8 784 M 6 796 M 6 796 M
Net Debt 2021 - - -
P/E ratio 2021 18,5x
Yield 2021 3,39%
Capitalization 151 B 116 B 117 B
Capi. / Sales 2021 6,45x
Capi. / Sales 2022 6,38x
Nbr of Employees 41 778
Free-Float 99,6%
Chart COMMONWEALTH BANK OF AUSTRALIA
Duration : Period :
Commonwealth Bank of Australia Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COMMONWEALTH BANK OF AUSTRALIA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 14
Average target price 77,36 AUD
Last Close Price 85,09 AUD
Spread / Highest target 5,77%
Spread / Average Target -9,09%
Spread / Lowest Target -24,8%
EPS Revisions
Managers and Directors
NameTitle
Matthew Comyn Chief Executive Officer, Executive Director & MD
Catherine Brighid Livingstone Chairman
Alan Frank Docherty Chief Financial Officer
Pascal Boillat Chief Information Officer
Shirish Moreshwar Apte Independent Non-Executive Director