Wheat has shed about $20 per tonne here in sept but cbot its almost $40 per tonne but basis here in aust is narrowing, its getting very dry and most parts need a drink to achieve potential yeilds.
Northern Hemisphere harvest in full swing yeilds maybe better everywere than first thought,exports slow,global economic dramas which appears to be weakening demand,and seems stocks are rising world wide,downward pressure seem inevitable.
I though sometime soon its gonna have to be oversold and speculators will start buying again on paper.
CottonCotton were are you i need you tell me im wrong again and pep me up, sort seems a bit gloomy coming into our harvest.
Sold 30% of expected production at $320 port per tonne which equates $285 on farm. Then thinking come harvest we would be around 280/285 port but were on $255 at the moment cash foward prices.
cheers all
Northern Hemisphere harvest in full swing yeilds maybe better everywere than first thought,exports slow,global economic dramas which appears to be weakening demand,and seems stocks are rising world wide,downward pressure seem inevitable.
I though sometime soon its gonna have to be oversold and speculators will start buying again on paper.
CottonCotton were are you i need you tell me im wrong again and pep me up, sort seems a bit gloomy coming into our harvest.
Sold 30% of expected production at $320 port per tonne which equates $285 on farm. Then thinking come harvest we would be around 280/285 port but were on $255 at the moment cash foward prices.
cheers all
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