The bearish Elders update re their 1H (from Sep-23 to Mar-24) might have played a part in today's weakness from an agricultural chemicals side.
but Elders did note they expect a strong period April to Sep 24, and that their January and February activity exceeded last year (2023), which is in line with DGLs market update that 2H is going to be much better than 1H
Slightly hard to triangulate given Elders have a weird September year-end, but net I think it's positive for DGL.
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