Commodity trends on today's GDT auction

Looks like a consensus for the commodity trends on today's GDT auction: simultaneous decline in milk powder prices and an increase in fats. This is a reflection of the sentiment we have seen on the physical markets in recent weeks.


Skimmed milk powder may suffer the most today, although many operators are wary of a decline in the supply of volumes available for bidding.

My forecast for today's GDT session is balanced: -1+1%