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Thursday, August 15, 2019

The Australian black sea

By Andrew Whitelaw  |  Source: CME, Mecardo

The Black Sea region has become the most important export origin for wheat. To put this in perspective, Russian exports have increased from an average 5mmt in the first five years of the century to an average of 32mmt. In this article, we look at whether Black Sea futures are appropriate for hedging Australian wheat.

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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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