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Analysts say US milk basis remains weak, but exports rose strongly in the first quarter and demand is growing in Southeast Asia, the Middle East and North Africa. Higher crude oil prices, around $71.50, are boosting those economies' purchasing power for milk powders and proteins.
Stronger export demand for milk powders and proteins supports futures, though weak regional basis limits farmgate gains.
history.edairynews.comPublicado por: Damián MoraisMay 29, 2018After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% over 20.
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.
