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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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What a difference this past month of rainfall has made vs where we were 12 months ago! Lots of areas not out of the woods/crops not even in the ground yet but broadly speaking the picture has vastly improved so far in 2020 #Plant20 #wheat #OATT #Flood2020 pic.twitter.com/L5VT1xNi9p

