Brought to you by
While the market is showing some volatility, it continues to trade in a range, especially in US terms; last night it returned to the bottom of the range. Our expectation is that harvest pressure (still only 20% harvested in the US) will see it break this bottom, but that it is also partially reliant on weakening corn prices. These are currently around $15/t more expensive than wheat, which is not the norm.
...
Sign up for a FREE BASIC SUBSCRIPTION now to read this article.
Mecardo will send you its latest market analysis outlook delivered to your Inbox as it's published. You will also receive one month Premium access for free.
You tell us what information you want to hear about, so you'll only be alerted to information that is relevant to you.
Learn more about Mecardo Registerlatest analysis
- Forex-ample
- The market skew
- Regional Rainfall Update June 2019
- Is the market right for a forward contract?
- Canola is on a knife-edge
- View all articles...
say? Suggest an article
need help?
Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report.