Just as the full impact of the drought was seen in the worst ever trade deficit in October, there’s some good news for farmers, writes Glenn Dyer.
Tonnes
The Australian wheat crop falls on its ear
The United States Department of Agriculture has slashed its estimates for the value of Australia’s wheat crop and exports for the next year by over $2 billion, or more than 7 million tonnes, writes Glenn Dyer.
While you were sleeping: oil and wheat prices up, interest rates too
While you were sleeping, world oil prices reached a new all time intra-day high of $US80.05 a barrel. And the prospects of higher bread prices continues as world wheat prices also reached a new all time high.






