As expected milling premiums are raising fast in the UK, as well as in the Continent. They are now trading above 30/t. This was ODA's initial target to start fixing some volume. Nervertheless, we would remain patient, at this stage. Indeed, when comparing to the 2008 situation when world wheat supplies were also very tight, we can foresee more potential on the very short term.
So we advise our clients to target 40 to fix the premiums. For any question please contact your ODA consultant. Latest official Canadian data, released yesterday, triggered a strong market reaction. Canadian canola production is seen at its lowest level since 2010 at only 12Mt, vs 20Mt just 2 months ago.
So we advise our clients to target 40 to fix the premiums. For any question please contact your ODA consultant. Latest official Canadian data, released yesterday, triggered a strong market reaction. Canadian canola production is seen at its lowest level since 2010 at only 12Mt, vs 20Mt just 2 months ago.
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An entry level membership delivering stimulating grain marketing news, analysis and advice, both daily and weekly. ODA's ability to develop a marketing strategy, based on analysis of global fundamentals, combined with advice on the use of risk management tools (Futures and Options) have resulted in a more proactive approach towards grain marketing and also helped to de-risk our commodity trading decisions.
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