The current assessment of the CME markets reveals a largely range-bound status, yet this doesn’t mask the underlying shifts and trends that we should be mindful of.
The dairy market experienced a notable turn of events as butter futures managed to claw back from their previous losses, caught in the wake of yesterday’s chaotic trading.
The big question that remains is how much of the holiday demand has already been accounted for and is that what’s eating into those inventories on top of record exports?
The latest milk production report, which revealed an upswing in milk production marking the strongest growth in four years, the dairy futures have responded in kind with a downturn
