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Market Check strategist Nick Crundall argues that common grain marketing rules of thumb, such as selling canola at double the wheat price or selling at fixed APW1 price triggers, should not be used in isolation. He notes the barley-wheat discount rule of thumb of $30-35/t is flawed because it ignores quality, protein and input costs.
Opinion piece on marketing strategy rather than a new market event; it has little direct price impact but reflects that a wide barley discount to wheat persists, which affects feed grain buyer choices.
farmweekly.com.auNick Crundall, Head of Strategy Market CheckOct 24, 2020Not 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.
