Australia's southern most regions have had perhaps the best rainfalls ever seen in the last 10 year. Here in Victoria it's certainly been wet, almost to the point where we're not having any time for things to dry out. What a turn around from the last few seasons!
The bonus is that the rains came just as farmers were saying that the rains must come to ensure the best crop yields are achieved with minimal losses. And here we are. Just as the world is beginning to consume more grains than it produces, which includes production for ethanol.
AWB Price at posting:
$1.24 Sentiment: None Disclosure: Held