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Tuesday, November 06, 2018

Wheat is wheat in a drought?

By Andrew Whitelaw  |  Source: CME, Mecardo

There is an old adage that during a drought, wheat is wheat. The wheat produced in the country will, for the most part, be going down a beasts throat, therefore grade spreads are not quite as important. We thought it was worthwhile taking a look at grade spreads to see what levels they are trading at.

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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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