Back to Main Afternoon Report: Local Markets Firm

• Published: 2010-02-05 10:26:47

  Wheat bids have improved across the country today. East coast prices were $1-2/t stronger, while WA prices are $3/t stronger at Fremantle. Strength has come from a weaker $A and improved US futures prices.
  
  The $A lost 1.64USc today. The $US is strengthening off continued concerns surrounding Chinese lending and a general air of risk adversion.
  
  Canola prices were also firmer, following Winnipeg contracts. Canola was $8/t stronger in VIC and NSW, and $7/t stronger in WA. Canola exports have been strong this year. There are reports of strong oil quality in southern regions, particularly in GM canola.

  Tags: Wheat ,  Canola ,  Coarse Grain , 

  

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