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Tuesday, August 12, 2014

Taking advantage of weak world feed prices

By Angus Brown  |  Source: CME, ASX, Trade

It’s no secret that international grain prices are trading at close to the lowest levels in four years. Corn is especially cheap, at the bottom of its 7-year range. While prices locally remain at around their 5-year average thanks to strong basis, consumers can use weak markets to manage feed prices for 2015/16 harvest, with the expectation that local basis will weaken, resulting in cheaper grain.

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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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