By Matt Dalgleish | Source: MLA, ACA
An orderly decline in the EYCI has been seen since the start of Winter and at last week’s close of 543.5¢ sits 17% below the June 2017 high. Evidently, the drier than normal conditions (particularly evident in NSW, WA and SA) have been weighing on the market. This analysis takes a look at the last transition from a wetter to drier cycle to get an idea on how much further the EYCI could fall this season or if are we getting close to a short-term base?
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