Ann: HY24 Results Announcement and Conference Calls, page-2

A mild reduction in short holdings in the most recent figures from Shortman.com. Of course, those figures aren't contemporaneous. Additionally, the market gave Grain Corp a boost on Friday despite its downturn in profitability. That downturn is similar to that of Elders and has been well analysed and acknowledged.

Overall, Elders is a strong (and necessary) business in Oz and it has numerous irons in the fire to spread risk. The bogeyman of El Nino has been officially called off by the BOM and weather conditions (generally) have been benign during Autumn. Grain Corp's CEO stated strong winter crop seeding and improving livestock prices formed part of the outlook.

I am a hold. Basically, the globe wants food and Oz (generally) is a reliable producer of quality food. I have no idea how tomorrow will go. We have no real idea about costs and the outlook of your average farmer. However, as a farmer, there is not much of a future in doing nothing. We'll see. In a few weeks, i am going bush so I'll get a layman's perspective of how things are looking. GLTAH. Cheers Keith