Wheat looking set to head to new highs. There is no good news to come out of Australia. One more downgrade likely in ABARE's December report which will undoubtably send prices firing again! In fact almost 75% of what little wheat we actually have is sitting in warehouse waiting for clarity from the Federal government on what is happening with the Single Desk. No farmer I know is interested in becoming an unsecured creditor to the AWB ...
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