Market Check - Australia’s August wheat exports drop 37pc from July to 847,181t

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

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