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How low can wheat go?, page-103

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Anton Chigurh

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28/06/15

14:21

Post #: 15543792
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Originally posted by natandsal ↑

Good to see a rally in wheat prices. Its amazing how quickly the market sediment on wheat can go from bearish to bullish. Imo if its an average year in Australia think prices will be in the low $300's port. If the bom is correct on their prediction of a dry finish and crop yields are well down than think prices will be nearer the $400 mark. Would love to see a good year or 2 with port prices around the $400 mark. Might actually be able to reduce some debt and make some much needed upgrades to machinery and infrastructure. Who knows, might even buy the wife a new dress.

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Drought can be fantastic if you're one of the lucky farmers to get a decent crop out of the ground. WA/SA likely to be the least impacted by any El Nino due to the Indian Ocean effect.
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