Nearly all weather forecasters legitimate and loony are all predicting a well above average year here and season to start early and finish late. Historically aust has a very good year after severe drought.
Some wheat forecasters are suggesting biggest exportable surplus ever next year if weather is kind because farmers are planting fence to fence wheat. More wheat in EU, china US probably canada with kind weather wheat could drop faster than we think come april may and you guys seem to be blindly bullish.
Wheat rallied on bullish corn not much else.
I hope cp is right and we do see the numbers hes hoping for but for now its getting very very toppy had usda report been bearish what would have happened......
Anything over 5.00 for 07 and 08 is there for the taking for australian growers.
Happy new year to you all as well
Some wheat forecasters are suggesting biggest exportable surplus ever next year if weather is kind because farmers are planting fence to fence wheat. More wheat in EU, china US probably canada with kind weather wheat could drop faster than we think come april may and you guys seem to be blindly bullish.
Wheat rallied on bullish corn not much else.
I hope cp is right and we do see the numbers hes hoping for but for now its getting very very toppy had usda report been bearish what would have happened......
Anything over 5.00 for 07 and 08 is there for the taking for australian growers.
Happy new year to you all as well
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