Traders and end-users are waiting for wheat’s premium over sorghum to drop before extending near-term coverage as prospects for a summer-crop improve and quality prospects for the point-of-harvest winter crop deteriorate with every rain event.
Updated 7am daily
Source:
NAB
Southern Oscillation Index (SOI)
Source:
Australian Bureau of Meteorology
APW1 delivered Melbourne
Source:
Lachstock Consulting
FB1 delivered Melbourne
Spot delivered Melbourne
Source:
Lachstock Consulting
Sorghum track Newcastle
Source:
Lachstock Consulting
