Australia’s August wheat exports drop 37pc from July to 847,181t
Australia exported 847,181 tonnes of wheat in August, well down on the five-year average for the penultimate month of the crop year, with domestic demand from the drought-hit eastern states diverting tonnage away from normal export channels. Market Check’s Nick Crundall, Head of Strategy speaks with Grain Central’s Liz Wells, 23 October 2018. Read here.
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@TEMarkets As you know from a decision-making view, deciles have limited value in isolation as the range within deciles can be extreme eg drought you sell @ dec10 & miss another $100t. Overlaying with deciles based on relative value paints a clearer pic eg Aus currently ~dec1 basis US futs