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Rain and lower AUD a positive for commodity prices

<p>THE outlook for agriculture has been boosted by good rain across much of eastern Australia and the Bureau of Meteorology's forecast for a wetter than average winter, according to the June Rural Commodities Wrap from National Australia Bank (NAB) Agribusiness.</p>

Jessica Strauss
Rain and lower AUD a positive for commodity prices

  Prices of major agricultural commodities remain mixed on global markets; however, NAB continues to expect a downward drift in the Australian dollar (AUD) to provide support locally. • The lower AUD...

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