The Global Dairy Trade (GDT) auction is coming up, with results from around midday London time
I posted this earlier:
A few more quick previews now:
ASB:
- We say "no change" at the auction overnite. Futures pricing points to +1% for WMP prices.
Westpac:
- The GDT dairy auction tonight is priced by futures to result in a 1%-2% rise in WMP prices.
CBA:
- We expect prices to be unchanged at the GlobalDairyTrade auction overnightTuesday. A fortnight ago whole milk powder (WMP) prices rose by 7.6%. At the current juncture, futures pricing suggests WMP prices will be flat.