09/04/14: Weekly information sees short sellers celebrating

Wheat? (Photo credit: « Jonny Boy »)

Landline Australia reports that short sellers on grains have been celebrating hard on the back of prices crashing when news highlighted that US crops are expected to have higher volumes than last year due to good weather conditions.

Wheat was down 35c per bushel to 676c per bushel as a result with corn firm on the back of strong export sales.

Interesting discussion on how the primary industry levies get spent highlighting the levy on wool industry (2% of clip value) and a report due out this week from Rabobank on farmers/graziers in Australia

Read more here ... 

The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine GFMT which is published by Perendale Publishers Limited.