10mmt downgrade possible for wa, page-24

Any update boys? Coming down to the pointy end of the season and keeping a close eye on the basis which is pretty good atm here in WA. APW $355 here today. Good time to be rolling out of SWAPs into the cash market.

We got a front coming through tonight. Looks like it could be reasonably strong. Crops late and still green to the toe so any water going to be worth big dollars.

Is it just me or do the $310-320 SWAPs for next year look pretty attractive?