Australian wheat remains at strong premiums to US futures

By Malcolm Bartholomaeus
December 5 2018 - 12:30pm
Even if last week’s gains were driven by immediate, short term factors, it is hard to see why Australian wheat prices will move sharply lower from current levels, given the strength in prices seen to date.
Even if last week’s gains were driven by immediate, short term factors, it is hard to see why Australian wheat prices will move sharply lower from current levels, given the strength in prices seen to date.

The soft slide in Australian wheat prices stalled last week, with gains in Victoria and South Australia in particular. All port zones seemed to gain despite a modest drop in the Australian dollar value of CBOT futures.

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