Another year of strong basis. At one point there, basis represented as much as 30% of the total cash price on offer to producers for physical grain. Thank heavens for pure, unmanipulatable physical demand premiums because futures markets are simply playgrounds for the elite and their central banker stooges to manufacture deflation when inflation should be prevailing.
In general, another good income year for WA grain producers despite the mixed rainfall season. Could certainly think of worse places to be than down on the farm. Plenty of opportunities in the sector if people reskilled and lost their love affair with concrete jungles.
