How do you know a private bid is above the market?

By Nathan Cattle
November 29 2023 - 6:00pm
How do you know what your grain is worth if you dont ask all the buyers? A private bid does not equal more value than the market. Its a data point. Grain is often trading well above best published bids.
How do you know what your grain is worth if you dont ask all the buyers? A private bid does not equal more value than the market. Its a data point. Grain is often trading well above best published bids.

The practice of providing 'private' bids is common in the Australian grain industry.

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