@Hopeful9
Enjoy the fast train - nearly as fast as the SP bounceback today
All i know is that the NSW terminals are fully closed out for the year. There is a massive amount of carry over from last year, all commodities and all products.
Am seeing the new year canola crop already being booked in for export late October / Early November, at both Newcastle and Port Kembla.
There is a fair bit of feed grade wheat also being fixed for export- only some of this is going through Graincorp silos, the rest through the smaller silos down the east coast. And although 'feed wheat' is thought by many to be animal feed, this s not the case: feedwheat just has slightly lower protein values, poorer falling numbers etc, many countries in Asia blend this with higher grades for noodles etc, that do not need the high end AH or Durum, and anyway storage costs remain the same regardless of grade.
Except for cement - both Port Kembla and Fisherman's Island in Brisbane have now a very steady and consistent trade. The storage and handling costs for cement are well in excess of grain. I had been critical of this silo conversion in the past, but it does make sense to me now as far as revenue stream goes when we hit the next drought in a three of four years time.
The transport system is improving, am seeing more activity in the train deliveries (as opposed to road).
Also do not forget the oils trade - i have seen an upturn of shipments being handled at Port Kembla, as indeed the Orange juice concentrate through Newcastle.
It also looks like Graincorp have revamped their website - there are locations and commodities i was not even aware of. It is really quite impressive.
So the current capacity at the Graincorp Ports as below. I have not seen anything like this in 25 years.
This is telling me there is not only upside - but spectacular upside, for at least the next year.
Some very juicy dividends on the way.
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