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February 2019

Shocking production brings sensational prices. During the past six months grain producers have been dejected by production or elated by prices. As we move into seeding it is important to understand that Australian prices are held up by a bubble of basis. Will the bubble...

With everything pointing towards lower cattle supply, and grain prices on the wane, we would think the market should start taking heed at some stage. It was not this week though, with the downward trend in cattle prices extended. Figure 1 gives a fair idea as...

The drought is showing its effect especially in the northern selling centre (Sydney), where a very small offering of 7,500 bales last week met with strong competition. The south and western selling centres provided the bulk of the offering with 23,000 & 9,500 respectively, while the...

Late last week the lamb and sheep market found some strength.  Prices will only fall for so long before grower baulk and put other strategies in place.  Either supply has run out, or producers are holding off.  Either way it looks like we might have...

In this week’s grain market update we take a look at the new crop contracts overseas now that we’re approaching the northern hemisphere harvest. The Chicago wheat futures show some small gains at the start of the week, however overnight lost all of the weeks...