agri stocks - rainfall driving price?

  1. 10,543 Posts.
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    Easy if you live in the capitals to feel that recent rainfall on the Southern Coastal areas should be driving recoveries for the rural related stocks.

    Certainly rainfall on the extreme coastal areas were the Timber companies have their operations has been satisfactory but the following two BOM charts illustrate how the rain of February that looked so good has not translated into drought breaking rain for much of the Southern cropping belts in the last month.

    First chart is 3 month rainfall and the second is 1 month when sowing rain would be welcomed and useful to begin.

    3 Month Rainfall

    1 Month Rainfall

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