Robust cash prices indicate little upside

By Malcolm Bartholomaeus
Updated December 12 2017 - 1:14pm, first published December 11 2017 - 4:00pm
Smart Marketing | Robust cash prices indicate little upside
Smart Marketing | Robust cash prices indicate little upside

US futures prices are at similar levels to 12 months ago. The Australian dollar is slightly higher, nearby futures are up about US13 cents a bushel in US dollar terms, and are up $5.76 a tonne in Australian dollar terms. In both cases the Australian dollar value of nearby Chicago Board of Trade futures are under $200/t.

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