Hold off on all sales boys! WA is up the crapper. Australia's basis should strengthen significantly in the coming weeks. June delivered anywhere from 5-10mm for almost the entire State. Crops are more forward than they have ever been with the perfect start but most are now nitrogen deficieint. Simply had a decent enough rain to take the nitrogen into root zones. Now the next 2 weeks also look dry. Crops are crawling back into the ground.
Me will be unwinding some canola and wheat SWAPS positions this week on this latest USDA gifthorse ...
