Loading…
Australian grain markets were volatile last week as wheat, corn and soybeans sold off. Weather risk premiums faded as US Corn Belt conditions improved.
The US dollar rose after the Brexit vote count showed an exit outcome.
Improving US crop weather removes risk premium from futures, and a stronger US dollar lowers the Australian-dollar value of grain. Together these point to lower import and feed costs.
stockandland.com.auMalcolm Bartholomaeus, Market AnalystJun 29, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
