" but i think $500/t is a massive stretch". Truly massive and possibly far off the mark. I'll fudge and say 'by end Nov.' Naturally, a lot depends on weather here but i foresee major grain shortage worldwide which will drive prices. Am using AUD @ 70c in my AUD500/ton estimate. Hence, equates to USD350/ton.... a big leap from today's prices.
How low can wheat go?, page-99
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