UPDATE: 24th of January, 2018
.Relatively narrow trading ranges overnight and not much new news to add to either side of the argument. Wheat saw a bit of mid selling pressure from chart based traders, but had no change to any of the fundamentals. Corn barely moved at all although there was a chunky US sale of corn to an “unknown” destination. Oilseed has beans trying for a bit lower, but ended the night still just under US$10/bu on the back of continued dry weather in Argentina. Canadian canola up a fraction on same weather news whilst EU canola down on a stronger EUR. Our currency is close to unchanged at 0.7990. We think the day will start close to unchanged across the board for flat prices (although Sorghum may be down a buck or two more). Wheat basis likely a cent or two stronger today.
|Cash Bids||Brisbane||Northern Newcastle||Southern Newcastle||Pt Kembla||Melb/Gee|
|Ex Farm/Delivered||Northern NSW||Central NSW||Southern NSW||Vic|
|CHKP1 Delivered 2017/2018||Goondiwindi POA||Wee Waa POA||Trangie POA||POA|
|Albus Lupins 2017/2018||Trangie $420||MGS Bomen $420||-$20 No.2|
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