Classic! Not surprising though when you consider a dockage on a 50tonne load of wheat might cost you $1000 which is pure profit. There are going to be some horrible budgets formulated in March. This is not rationalisation in the grains sector, this is far worse. Producing underappreciated commodities of need for borderline costs of production. I am bullish on grain in 2006 but I still don't think prices will rally hard enough to stop the mass exodus occurring from grain production. Frost will be the sealer for some. Not necessarily leaving the industry but backing out of grains in favour of lower input systems like pastures and meat production!
