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Market Check - Strategies evolve as prices hit six-year lows

Strategies evolve as prices hit six-year lows

Industry-wide efforts to make sales and load ships are facing headwinds from offshore. Buyers are overwhelmed by three consecutive record world wheat crops and prices are at six-year lows. However, in this Grain Central article, Market Check’s General Manager, Tom Basnett, discusses how the outlook for ASW might not be so bearish, and encourages growers to take advantage of the offshore rally and hedge their ASW1 instead of selling it.

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Please note that Agrisk Management Pty. Ltd. (T/A Market Check) advice is general in nature and has been prepared without taking into account client’s individual objectives, financial situation and needs. Before acting on this advice, you should consider the appropriateness of the advice with regard to your own objectives, financial situation and needs. Before acquiring any financial products mentioned herein, please obtain a Product Disclosure Statement and consider it before making any decision about whether to acquire the product.