With wheat prices up above $400 a tonne the drought and surging global demand for soft commodities means that the coming float of PrimeAg, which is being managed by Comsec will be a hot float. Macquarie Group has recently moved into this sector with one of their 'infrastructure' style funds being created earlier this year. If you want exposure to rising soft commodity prices (and you do) then try and get hold of some of this float. I'll definitely be putting my hand up.
The economies of scale in farming and in particular cropping are huge, so this is a trade that makes a lot of sense. Key management seems sound with Roger Corbett and a former president of the National Farmer's federation on board.
Lodge prospectus with ASIC 14 November
Offer Opens 26 November
Shares trade on ASX 17 December