By Augusto Semmelroth | Source: CME, ASX, ICE
International grain markets have rebounded from five-year lows amid recent weather fears in North America and Europe. CME Wheat has managed to break through a five-month trading range with prices rallying 20% over the last 10 days. Locally, wheat and barley markets are moving towards a five-year high as higher international prices, a depressed A$ and strong basis sees ASX Wheat Jan-16 futures above the A$325/t mark.
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