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Closing prices 22nd November 2017 - ICE Dec 2017 USD Index 93.205 - 0.672 NYMEX Jan 2018 crude oil WTI US$57.98/barrel + 1.16 COMEX Dec. 2017 gold US$1292.20/oz + 10.60 CME Mar. 2018 soft wheat US 440.75 c/bushel - 0.5 CME Dec.2017 AUD/USD 0.7610 + 0.0029
energy1 food1 Fiber1 header gold1 Investment1

 Australian Commodity Research Institute

The Institute began in 2011 with a focus on providing knowledge, experience, and research on global commodity markets, as well as policy recommendations for improving market efficiency and market signal transparency, as well as the development of effective forward markets. Its main focus is on commodity research and compilation of daily and weekly commodity market reports, which examine global economic conditions and currency market movements, both from an international fundamental and technical analysis perspective.

There were three texts to base a knowledge foundation on commodity markets - Williams, J. and Schroder, W. (1999) ‘Agricultural Price Risk Management: The Principles of Commodity Trading’, Oxford University Press; Williams, J. 2012, Competition and efficiency in international food supply chains, Routledge, UK; and Williams, J. 2013, Agricultural Supply Chains and the Challenge of Price Risk, Routledge, UK. There was also a journal article which supported the theory of commodity price skewness: Williams, J. 2013, Wheat and corn price skewness and volatility: Risk management implications for farmers and end users. Australasian Agribusiness Review 21(6): 101-120. Although the research was primarily based on agricultural commodities, the results have a large application to global energy and metal commodity markets.

Dr John Williams is the executive director of the Institute and heads a commodity team with international alliances. Their background straddles a period of heavily regulated supply chains in many countries, through to deregulation and post-deregulatory supply chain issues.

Food and Fibre Supply Chain Institute

This Institute also commenced in 2011 as an ancillary to the Australian Commodity Research Institute. It provides consortium leadership in food and fibre supply chain projects on issues as diverse as gluten avoidance, coeliac disease, agribusiness and supply chain development, as well as international trade particularly amongst the Indian Ocean rim countries.

The Institute has a focus on team leadership, problem solving, supply chain innovation, enterprise development, export enhancement, project management, transition development, logistics optimization, and operations growth in the Asian-Pacific, Indian, and East African region. 

Dr John Williams is the Managing Director of a number of teams in the food and fibre sector, which encompass consortium organisation, planning, advisory, consultative, research, and the provision of training services, as well as the convening of conferences and summits on key issues. The various teams combine both young ideas as well as supply chain experience to produce a blend of initiative, innovative ideas, and leadership skills.