can you believe the punters?

I just cannot believe the punters who have been buying into this stock? I know what they are thinking. Food is a safe haven and Australia is in for a bumper wheat crop! I guess we'll just have to wait for the next ABARE report but I think there will be a great deal of disappointment. Then we go to next years forecasted area to be sown to wheat and I am betting the AWB will be sheeting themselves. Farmers are not sure where to turn with high and rising input costs (another set of fertilizer price rises coming in January - best mate is a fertilizer rep!) and low commodity prices so if in doubt don't crop at all and go to grazing with sheep! At least it is low risk because it is low input.

But I am bewildered as to how easily people have bought Lindbergs spin. Comeon! Freight rises from $10 to over $50 per tonne overnight and management never asked a question! Ouch! The international grain market is all about freight!! Like Leon Bradley, President of the PGA here in WA and main lobby group gunning for the AWB said this week and I love this guy, 'There are only two outcomes for the Australian Inquiry (into the AWB's role in the OFFP): to find AWB culpible or negligent'. LOL Beautiful! I am led to believe there are already past directors willing to rat to protect their proverbials. Wise choice grasshopper! This all comes back to the National Party! Bunch of bl##dy agrarian socialists!