As the viral shock wears off, the data becomes a priority again.
For kiwi traders, it is worth keeping an eye on the price development for this huge export from New Zealand.
- results will come out within hours
ANZ what to expect:
- mixed price signals between raw materials and delivery periods, but overall prices are expected to fall by around 2.5% again
- Supply of whole milk powder for delivery in June and July increased, signaling a combination of less drought impact on milk supply, push to sell more products while prices are still high and / or a desire to minimize stocks at breakeven Date