By Augusto Semmelroth | Source: ASX, CME, ICE
International and domestic grain and oilseed markets have recovered 10-15% after hitting 5-year lows in late September. Despite the recent rebound, global spot prices remain quite depressed at their 20-30th percentiles. Domestically, the situation is clearly better as a result of a strong basis, with ASX milling wheat and feed barley now back at their 66th and 85th percentiles, respectively. In WA, ASX milling wheat is at its 53th percentile.
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.
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 Sign Up Now!