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Another turbulent week with traders trying to establish the new short-term market rules as buyers (from shoppers to processors to governments) understandably decide that it is better to risk being long and wrong than short and wrong in the current environment.
Continued rainfall especially across Western Australia didn't keep a lid on prices as the Aussie dollar fell sharply to 0.55 versus the US $ and hence domestic prices responded by sharply rallying this week but farmers are engaging at these higher numbers as rains forecast for most areas.