Full soil moisture profile won't be wasted

摘要

Compared to cash prices in May 2009, prompt delivered wheat prices are down 100 dollar a tonne. Prices can change quickly, in response to unpredictable factors. These factors can be weather related, and also economic and political factors, such as oilprice rises or trade restrictions can work quickly on world grain prices. Make no mistake about it, world grain prices still drive Australian grain prices, even if domestic grain consumption outstrips grain exports, for particular states. World wheat stocks at 197 million tonnes will work against a rapid recovery in basic wheat prices. But the wheat, which growers started to sow in April, and will continue to seed through June, will be marketed through the year 2011 and probably most of 2112. By then,the world supply and demand will be different to now, but is impossible to predict with any commercial accuracy