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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