Heads up for NZD traders - Dairy auction due today (London time)

The Global Dairy Trade auction begins at 12 GMT, results will trickle in an hour or so after that

Previous results:

Expected for the result (this via RAN):

• futures pointing to a 5% rise in WMP prices. This would be a timely bump in prices as TD Securities note that "prices need to pick up strongly to justify Fonterra's generous upgrade to the farmer's estimated pay-out."