Yep agree it is the margins that count. Big factor in the margins though was the large supply in Australia. We literally couldn't export anymore if we tried. I knew exporters that would buy there proposed limit one day, then lower than price $10-15/t and still have plenty of growers keen to sell. The margins got to $40+/t whereas normally its a couple bucks.
Even if the EC does get rain this week we are forecast to only produce ~60% of grain that was produced last harvest.
Yep agree it is the margins that count. Big factor in the...
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| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Change
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| Last updated 15.59pm 06/06/2024 ? | |||||
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