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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The divergence in new/old crop #wheat prices in Aust is growing as old crop is supported by strong export pace + domestic shorts. New crop, while buoyed by lower AUD/higher global prices is pressured by promising prospects for a big EC winter cereals plant #oatt #harvest20 pic.twitter.com/z0v2crV8Lu

About 12 hours ago from Market Check's Twitter via Twitter Web App

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