mag
27-2-2005, 09:59 pm
A little happening in the export world -
Australia sold 20,000 mt of white wheat to Japan - delivery in march - ON YA OZ...
However the following sales were reported for the week also to Japan:
United States
11.7 pct protein Hard Red Winter 12,000
14.0 pct protein Dark Northern Spring 13,000
10.5 pct protein Western White 20,000
Canada
13.5 pct protein Western Red Spring 25,000
The AUD exchange rate is proving to be a large hurdle to exports at the moment , however we could be facing a double edged sword , if Interest rate increase we will see the AUD rise and get a double whammy in the pocket for exporting.
More to follow, once I in.............. :beer
Australia sold 20,000 mt of white wheat to Japan - delivery in march - ON YA OZ...
However the following sales were reported for the week also to Japan:
United States
11.7 pct protein Hard Red Winter 12,000
14.0 pct protein Dark Northern Spring 13,000
10.5 pct protein Western White 20,000
Canada
13.5 pct protein Western Red Spring 25,000
The AUD exchange rate is proving to be a large hurdle to exports at the moment , however we could be facing a double edged sword , if Interest rate increase we will see the AUD rise and get a double whammy in the pocket for exporting.
More to follow, once I in.............. :beer