Market Check - Australia’s December wheat exports jump 68pc to 925,290t

Australia’s December wheat exports jump 68pc to 925,290t

“Wheat exports were strong in December relative to our overall exportable surplus, continuing the trend of our export pace running at an unsustainably fast rate,” Market Check head of strategy Nick Crundall said.
“Indonesia came in as the main buyer with its biggest monthly total since December 2018. Read more 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

About a month ago from Market Check's Twitter via Twitter Web App

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