By Augusto Semmelroth | Source: CME, ASX, ICE
Eastern states grain prices continue to carry a sizeable premium to international markets. Percentile analysis shows international corn and wheat prices around median levels, while the NSW milling wheat and feed barley May-14 futures are both at their respective 95th and 90th percentile levels. Despite the recent rally, ICE Canola May-14 remains at its 32nd percentile rank.
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