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Australian cash wheat prices have recovered from late-January lows to about A$400-405/t at Outer Harbour, helped by a weaker Australian dollar and stronger futures. Demand for lower-grade wheat is firm, and grower selling has been reluctant.
Firmer Australian cash prices and a weaker Aussie dollar support export competitiveness and wheat values, while Black Sea uncertainty adds to the upside risk.
stockjournal.com.auEd Scamps, Cloudbreak Grain MarketingMar 3, 2023Not 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.
