appreciate your input, but if you start any post with MacQuarrie projections, well it's like a Bureau of Met weather forecast - even weekly's are dodgy, might just as well been a statement from trump- and somewhat unreliable ......'oh yeah they' say 'we have AI now so its more accurate' - ask a farmer what he thinks about AI - run baby and keep your ar$e covered, because he he will be thinking 'artificial insemination'.
There are dedicate posters on here - well there are not too many, but do report things seen on the the ground. And rarely take any notice of these 'desk jockeys'.
however you are quite correct about rain. it is a gamechanger for sure. just as the B.O.M. who predicted we were all going to be shrivelled up to walnut shells just a couple of months ago, and didn't your mates at MacQuarrie projected $7.40? Whoops. Graincopr does other stuff with their assetts.
The GNC forum is a genuine place for those that are actually involved - there are many, in the trade, so unless sir, you have anything useful to report, no-one cares about brokers, banks, and manipulators. OR TRADERS
- so to make my point clearer : -
has any desk jockey noticed that, even though Graincorp can ship (not sell! - but sometimes do) every grain of wheat, whatever quality - alothough now are also selling and shipping to China, (after the fake ban). And this IS VERY IMPORTANT to note- in every major port where GrainCorp operate, ie Newcastle, Port Kembla and Geelong, there are now competitor operations. None of these competitors have got to the Chinese markets, GrainCorp are now, through their extensive ship chartering, handling and transport logistics, have sewn this trade up. If there is a downfall in production, with subsequent price rises in the commodity, who will keep buying? The ones with the most readies on hand....and who is that ?
Currently simultaneous vessels in Newcastle, Port Kembla and Geelong (at GNC terminals) loading wheat to China - QED
Please don't take offence, none meant.
GNC Price at posting:
$8.59 Sentiment: Buy Disclosure: Held
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