Wednesday, 13 January 2021
In this week's market update:
- The forecast for Brazil remains dry. Recent rainfall does not go far enough to address the soil moisture deficit the crop is experiencing
- Thailand remains slow out of the blocks with its harvest. This is in fact the slowest harvest for them in six years
- India's harvest is currently in full swing with producers advancing physical sales and approximately 1.2 million tonnes contracted to date
- The AUD grinds higher on thin volume while traders around the world are still on leave and while US politics and US yield dynamics continue to drive the market
To read our full QSL Market Udpate, please click here.