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Basis Commodities published its week 40 Australian crop update with replacement FOB estimates for main wheat grades, barley and canola across port zones. The note says buyers are becoming more nervous and zonal pricing structures have shifted, with a large crop year ahead for wheat, barley, canola, oats, pulses and other grains.
With a large Australian crop expected, export logistics and elevation margins drive which grain reaches port, shaping FOB wheat and barley spreads for Asian buyers.
basiscommodities.comBasis CommoditiesOct 4, 2022Not 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.
