Yellowcake..did you watch Landline on ABC today? The AWB does not see a massive shortfall in Aus wheat production for this year. While W.A is likely to see a modest reduction in this years harvest the Eastern States will be likely producing above average harvests(balancing).
Yes AWB would concur that this will be ggrreat for prices :)
Are you buying wheat futures? (Heck! for that matter any grain futures)