Market Check - USDA Aussie production, export numbers raise eyebrows

USDA Aussie production, export numbers raise eyebrows

WORLD grain futures have lifted across a range of commodities in the past week on the back of a US Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) report that lowered international production, Nick Crundall, Head of Strategy talks to Gregor Heard, The Land. Click here to read.

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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

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