Why the dairy futures market got the GDT auction wrong
Futures were picking a 5% gain on the platform but whole milk powder prices fell by almost 3%.
Dairy market futures weren't on the money predicting the overnight GlobalDairyTrade (GDT) auction and probably reflected hype over lower milk production driving prices higher.
The auction saw whole milk powder prices fall by 2.7% to just over $3000 a tonne – the biggest drop on the platform
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jason Walls
Wed, 04 Oct 2017
Wed, 04 Oct 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Why the dairy futures market got the GDT auction wrong
70574