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Thursday, November 30, 2017

Southern canola basis too weak to sell

By Angus Brown  |  Source: Matif, ICE, Trade

With rain on the way headers are going flat out in Victoria harvesting the most valuable crop, Canola. With the harvest comes harvest pressure. We thought this year the tight supplies in NSW might see prices hold on, but local canola values have not only followed international prices lower, but outstripped the fall this week.

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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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