Yes. As short as the funds are, I can't see many glimmers of hope right now for wheat. Of course, you're only a really dry finish away from a revised S&D but at this stage not looking amazingly bullish, all be it I'm sure we'll see some counter rallies.
Barley still holding strong in Oz with good export prices being achieved and talking to farmers I'm expecting maybe a 5% switch out of wheat into barley, maybe even a little more. Canolawill certainly be wound back, with lentils trading over $1000 and all the issues with the canola virus last season, not to mention poor prices.
