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Thursday, August 31, 2017

An opportunity for consumers.

By Angus Brown  |  Source: CME, Trade, ACA

While grain producers aren’t enjoying anything but basis at the moment, for grain consumers, the weak Chicago Board of Trade (CBOT) wheat futures and the stronger Australian dollar are creating opportunities. We are again approaching harvest with CBOT prices near $200, and the opportunity to lock in grain prices for next year at better than average levels.

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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. 

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