Bottom end out of noodles last two days ... down around $70/t. They are blending with ASW wheat at ratio of 30 (noodle):70 (ASW). Still further to fall IMO ... can't see a big plant of noodles in 2011 given the goalposts can be changed. Will create doubt as to whether premium will carry into next year.
Milling wheat has lost $50/t of late also ... still think we have another rally to go on the back of the reality of milling tonnages that actually exist (unsold).
Any updates lads ? Hope the warm weather is drying things out nicely ...
