00:00We've been saying that the wheat market has been undervalued for quite a few weeks.
00:03This is off the back of these Russian and Ukrainian drone attacks,
00:07which have basically been constraining a lot of the infrastructure in that part of the world.
00:12It's good news for Australian farmers because you'll see a $23 bump in prices this morning.
00:17But the problem is we want to make sure that farmers don't get into that problem of getting greedy.
00:22Make sure you've got a plan for a rally.
00:24The market's gone up $20.
00:26Don't start thinking it's going to go another $20, then another $20, then another $20.
00:30You can never pick the top of the market.
00:32The best you can do is average.
00:34And what we want to do is make sure that you don't get greedy.
00:36Just keep biting away a little bit over time.
00:39Because what we've seen in markets in the past, especially bull markets,
00:43is it rises really dramatically, but it falls just as quickly.
00:47So you don't want to be the person who has the opportunity to sell, let's say,
00:51hypothetically, $400.
00:53Then the market goes up, and then you wait for it to keep going up,
00:57and then you start selling again at $350.
01:00Make sure that you take advantage of any of the opportunities the markets get
01:04because, as we know, in grain markets, opportunities are often short-lived.
01:09So it's good news for now.
01:11Thanks very much.
01:13Cheerio.
01:14Cheers.
01:15You
