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|As at 17th Nov 2017|
|CBOT Wheat (Spot)||420.00|
|CBOT Wheat (JUL 17)||437.75|
|Kansas Wheat (Spot)||417.75|
|MGE Wheat (Spot)||624.75|
|CBOT Corn (Spot)||338.25|
|ICE Canola (Spot)||CAD $519.20|
|CBOT Soybean (Spot)||976.25|
|OIL USD/ba (WTI)||55.33|
Some eventual gains on wheat: WASDE report on Thursday saw Wheat futures trade lower but managed to close higher by a few cents in the nearby months, finding support in reduced carryout numbers. Minneapolis continues its run higher, finding support from lower stocks. CBOT Dec ’17 is now at 428.4c/bu.
Graph: CBOT WHEAT DEC ’17 ZWZ17 AS AT NOV13TH
Egypt’s bought a further 120kmt of Russian wheat at around US$210mt CNF. Ukraine’s poor export activity has now been revised with 350kmt of wheat exported last week. India have formally doubled its import tax on wheat. WA origin shows that Australian wheat is $35/MT FOB, higher than the black sea, currently quality is on our side and strong relationships with our Asia pacific counter-parties.
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