Feedgrain Focus: Nearby grain in holding pattern, 2019 clouds ahead
Nick Crundall, Head of Strategy, speaks with Henry Wells from Grain Central.
Anyone prepared to write a big cheque for grain can get supply into the most heavily traded grain market in Australia; with Darling Downs region wheat and barley expensive but gettable in the $450s now, in the $420s after harvest and sorghum in April is pegged in the $360s. Today’s Feedgrain Focus also looks at an analyst’s view of a primary role of the east coast grains market keeping supplies available to the domestic market.
By Henry Wells, 06 September 2018
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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