iraq only 7% australian wheat

The single desk will remain, the 7% Iraq market will be served by the other Aus companies buying the wheat from AWB, and AWB will go on regardless. As their share price has halved, it is a good buy for some people. A /u buyer is steadily buying at a rising floor price; they began at $3-55 and now they are at $3-75. When AWB are let off the hook, the share price should return to previous levels giving the /u buyer a nice return.