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| Crates upon crates containing materials for houses. Several blocks worth now being built, in -30 C weather, no less. The building boom in Nunavut continues. (Photo credit: Wikipedia) |
The weekly commodity update from Kerrie
Lonergan, Australia’s ABC TV Landline, continued to headline weather issues and
the quandary that many wheat farmers face – take big price and gamble on
weather or wait for weather and potentially get lower price!
Interesting how Chicago Futures prices have
risen on back of Ukranian crisis along with issues in India and Canada and
added concerns re drought in Northern NSW and Queensland (Australia).
Pentag Nidera and Profarmer both give their
views on the issues and the speculation in the market and information on how
March regularly brings high volatility to the marketplace.
Two other facts:
- China is now importing 65 million tonnes of Soy Beans from USA
- Australian Dairy Industry Sales to China have expanded from A$309 million in 2001 and reached A$6.2 billion in 2013
Read more here...
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