Yeah, I’ve been like you but the market does look forward…livestock trading only 20% of EBITDA is of interest, as I thought it would be higher!
Good rain in fair areas of NSW at present and patchy in Qld…much better rain it seems than a severe El Niño which has been spruiked to us…if you think I am too negative, look at my posts on GrainCorp where I was initially dubious about ElNino but after the dry finish I guess I came on board.
Once again Don White from WeatherWatch got it right, saying November may see reasonable relief rains where the tropical moisture could override the IOD and SOI!
ELD Price at posting:
$6.25 Sentiment: Hold Disclosure: Not Held
(20min delay)