Trading deets Flashcards
What is HRW?
Hard Red Winter is used to make pasta or durum wheat - more expensive than soft wheat
What does up river mean?
FOB Argentina.
When does the Marketing season start in Argentina?
December
When does the marketing season start in Ukraine, Russia and Europe?
July
Competitive prices
same level as others
Why is Up river normally cheaper?
it’s further away so there are higher freight prices. sO THE ACTUAL product needs to be cheaper
Novorossiyk is…
the biggest port for exporting
Which market do we assess?
Boats to Odessa and novoroysk – panama – 60,000t ( – different markets to handy and novorysiyk)
Why do reserve organizations buy grain?
Reserve organizations buy stocks so that they can influence price sitauation When prices grow they sell from the state reserves, and that will drop the prices levels down.
When they see price levels are low on local market….
they buy from the market to support producers.
What are the two biggest exchanges in the world?
Euronext and Chicago
Which exchange is primarily French?
Euronext
