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Tuesday, August 22, 2017

Are we nearing a bottom for the EYCI yet?

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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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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