Basis level recovery bad news for exporters

By Malcolm Bartholomaeus
Updated December 9 2019 - 11:58am, first published 11:41am
Basis rebound hurts exports
Basis rebound hurts exports

After breaking above previous resistance, Chicago Board of Trade wheat futures failed to consolidate at the new levels, and pulled back over the following week. At the end of last week, futures prices were down by 17.25 USc/bu from the previous week, translating into a decline of $A12.41 a tonne.

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