Rain, glorious rain! Almost as equal a factor as the Morrocco connection. My grandparents were farmers in the States and there's a saying, "right as rain". Good rains will boost fert usage. Drought will keep them in check. I read the other day that the Central Valley in California is going into it's third year of drought. The total agriculture output from that one valley is larger than the total of all of Australia in dollar terms. Almost one million acres are laying fallow at present unless they get good rain soon.For all you farmers out there, I'm always trying to will rain to fall on your property. I pray that a weakening tropical cyclone will make landfall near Geraldton and dump a ton throughout WA without damage. Though it would hurt the wine people. Anyway, I'm true believer in IPL for short, medium or long term.
IPL Price at posting:
$2.11 Sentiment: Buy Disclosure: Held
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