Platts MWM-APW spread widens to record high on currency, crop fears

The Milling Wheat Marker spread over the Australian Premium White wheat price assessment hit a record high May 13 driven by currency strength and production concerns, though ample old-crop stocks in Australia could temper tightness in the upcoming season. The spread reached $42/mt on May 13, the widest since Platts, part of S&P Global Energy, launched the MWM in June 2025. The gap has steadilyThe Milling Wheat Marker spread over the Australian Premium White wheat price assessment hit a record high May 13 driven by currency strength and production concerns, though ample old-crop stocks in Australia could temper tightness in the upcoming season. The spread reached $42/mt on May 13, the widest since Platts, part of S&P Global Energy, launched the MWM in June 2025. The gap has steadilyRead More