The last auction of the year and this will be a relatively brief commentary as I have a hectic few days ahead and I have less to say!!
Ahead of the last auction I said:
“I expect another flattish to soft auction but I am hoping for something positive”
When in the business of producing investment offers, as is MyFarm, it is critical that we get the forecasts as ‘right as possible’. We can only rely on the information to hand - inevitably the returns in the rural space are dependent on assumptions on three things; production yield, product returns and costs of production.
Thursday 23 November 2017
The traded commodity dairy market has been a little quiet over the last 2 weeks with many NZX participants in Singapore the week before last for the dairy conference which is now locked in many diaries (I must put it in mine!)
However, there is a good deal going on in corporate, financial and commodity markets more generally so I thought that I would focus on a few of these things, augmented by some of my favourite charts from the last 2 weeks. As a result there is probably a good deal more “editorial” than usual so feel free to ignore!
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