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Thursday, March 05, 2015

International grain markets struggle to recover – February percentiles

By Augusto Semmelroth  |  Source: CME, ASX, ICE, RBA

Although international wheat prices finally found a bottom in early February, they have failed to show a meaningful recovery since. Locally, spot ASX Milling Wheat prices trended lower in the second half of February on the back of easing international prices, coupled with the stabilisation of the A$. Oilseeds markets regained some ground, particularly ICE canola

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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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