Market Recap 06.01.10
The markets continue to try to find their footing ahead of the USDA report next week. The fund rebalancing story will be over soon enough and then we will be back to looking at... ahem... 'fundamentals' (just watch that hope 'springing eternally'). Taiwan bought some US wheat and not much else to report. There is not much else going on in the markets, with Aussie pricing still over the world price of grain the hope of the side remains movement in the AUD. All in all, until something different happens, the focus will be on finding a fish just waiting to be caught and driving malt demand - and watching Die Hard.
Date of Publication: 6 Jan 10 9:50am ACST
Source: ABB Grain
