How low can wheat go?, page-177

  1. DSD
    15,757 Posts.
    Re-entered a long trade in London wheat futures (Nov) at 145.oo. The Oz crop is going to be half of last years record yield and well down on ABARE's forecast a few months ago of 35m tons. Will we reach 20m tons this season? Very dry June in QLD, SA and esp WA.
 
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