seasonal australian crop snapshot, page-43

big vic harvest--but only in patches.that frost was far bigger and extreme than we suspected.

lot of quality issues with small grain size and frost damage.

massive tonnages of out of spec stuff in bags bunkers and on farm. big money in blending this season.

had a thunderstorm over one end of the place,and that went 5 times the yeild of the outblock at the other end that missed the storms entirely.same inputs,management enviroment,just luck of the draw.

any full on total crop total input business that missed the storms,without livestock to put a base income in will be wondering what happened.

graincorp will have a lot of out of spec stuff to blend up,and carryover,so the lower tonnage,but more to upgrade will mean that graincorp profit depends on their blenders,not their receivals.