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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%
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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01/14Corn dips after rally, tightening global supplies curb losses
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Wheat slides, on track for weekly decline; corn, soy also lower

12/04/2020 | 02:36pm EST

CHICAGO, Dec 4 (Reuters) - U.S. wheat futures fell about 1.5% on Friday and were heading for a weekly loss as expectations for bumper wheat harvests in Australia and Canada tempered talk of tightening global supplies.

Corn and soybean futures declined on forecasts for beneficial rains in northern and central Brazil, although worries about dry conditions in Argentina and far southern Brazil underpinned both markets.

As of 1:13 p.m. CST (1913 GMT), Chicago Board of Trade March wheat was down 8-1/2 cents at $5.76 per bushel. CBOT March corn was down 6-1/4 cents at $4.20-1/4 a bushel and January soybeans were down 5 cents at $11.63-1/4 a bushel.

Wheat futures sagged as traders continued to digest rising production estimates for Canada and Australia, two large global wheat suppliers.

Strong export competition from Black Sea suppliers, particularly Russia, the world's top wheat exporter, also hung over the market, along with improving ratings for the U.S. winter wheat crop.

"Everything kind of stacked up against the wheat this week," said Dan Cekander, president of DC Analysis.

For the week, CBOT March wheat was on track to fall 4.7%, its biggest decline in five weeks.

Corn futures eased Friday on long liquidation and generally improving South American weather.

Rumors have swirled in recent weeks of fresh of Chinese export demand for U.S. corn, but the only recent corn sales confirmed through the U.S. Department of Agriculture's daily reporting system have been to Mexico or unknown destinations.

Soybeans ticked lower on improving Brazilian crop prospects, but CBOT soyoil futures climbed for a second session, following as Malaysian palm oil futures surged on expectations of tightening palm oil stocks.

Dry conditions in Brazil have stoked fears that a disappointing soybean harvest would strain international supply after China already swept up much of the new U.S. harvest. (Additional reporting by Gus Trompiz in Paris and Colin Packham in Sydney; Editing by Marguerita Choy)


© 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%
CST GROUP LIMITED 4.35% 0.024 End-of-day quote.4.35%
EURO / ARGENTINE PESO (EUR/ARS) -0.03% 105.1456 Delayed Quote.2.39%
EURO / BRAZILIAN REAL (EUR/BRL) 2.24% 6.6542 Delayed Quote.2.58%
LONDON BRENT OIL -1.92% 55.07 Delayed Quote.8.61%
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%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.00% 86.387 Delayed Quote.2.78%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.07% 75.12 Delayed Quote.0.19%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 -3.97% 634.5 End-of-day quote.-0.94%
WTI -1.77% 52.063 Delayed Quote.10.00%
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Financials
Sales 2021 23 392 M 18 033 M 18 033 M
Net income 2021 8 784 M 6 772 M 6 772 M
Net Debt 2021 - - -
P/E ratio 2021 18,5x
Yield 2021 3,39%
Capitalization 151 B 116 B 116 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
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Commonwealth Bank of Australia Technical Analysis Chart | MarketScreener
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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