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.