Risk and reward: Traders/government weigh up feasibility of grain imports
On price alone, US corn may stack up for import into southern Australia, but GM concerns and reasonable prospects for sorghum are likely to keep whole grain imports out of Australia for the foreseeable future, but oilseeds may be on the cards. Nick Crundall, Head of Markets, talks with Henry Wells, 09 November 2018 – Click 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