By Angus Brown | Source: CME, ASX, Trade
International wheat markets have been extraordinarily volatile over the last 12 months. The latest bounce took the market 30% higher, before losing most of that again, all in the space of three and a half months. Meanwhile, Australian markets have generally moved in the same direction as international markets, but not as far. This means that basis has been the volatile factor, presenting opportunities along the way and giving some important lessons for the future.
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