Last week’s GDT result surprised many market commentators as dairy futures had pointed towards a positive result.
Futures contracts for whole milk powder (WMP), a proxy for results for the biweekly GDT, continue to show a degree of steadiness and stability that has not materialised in the performance of the benchmark dairy index.
In the run up to last week’s GDT auction, dairy futures had pointed to a steady or slight increase in the GDT index. However, the opposite happened on the day with the GDT index falling by almost 3% and the average selling price of WMP falling by nearly 1%, surprising many market commentators.
Since last week’s auction, dairy futures have continued to trade very …
http://www.farmersjournal.ie/dairy-futures-market-futures-remain-steady-despite-last-week-s-gdt-fall-203864
In the run up to last week’s GDT auction, dairy futures had pointed to a steady or slight increase in the GDT index. However, the opposite happened on the day with the GDT index falling by almost 3% and the average selling price of WMP falling by nearly 1%, surprising many market commentators.
Since last week’s auction, dairy futures have continued to trade very …
http://www.farmersjournal.ie/dairy-futures-market-futures-remain-steady-despite-last-week-s-gdt-fall-203864