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March 2019

The prevalence of poor quality wool has dragged the market down for a fourth week in a row. Lower style types were discounted by around 20 to 40 cents from last week’s base and this was enough to pull most individual Merino categories down.AWEX reported...

In this week’s market commentary, we discuss some good news in the barley market. Unfortunately, it is not good news all round though with the voluntary administration of mid-tier grain trader Lempriere Grain. In recent weeks, we have been discussing concerns around the looming investigation...

A bit of a mixed bag for lamb price movements this week across the Eastern states, with Restocker, Trade Lambs and Mutton the only categories to see a price lift. Mutton prices remained remarkably strong in the face of elevated yarding and slaughter throughout much...

The current projections for the global crop are relatively positive. World production could be high, however there is still a long way to go. In this update we look at the stock levels held by the major importers of wheat.   At present global wheat stocks...

When the Bureau of Meteorology (BOM) say their forecast accuracy at this time of the year is poor they aren’t kidding. Just a fortnight ago I was lamenting the poor rainfall forecast issued by the BOM in late February and just yesterday they issued a...

After two months of almost continual declines, this week saw a strong rebound on profit-taking by short sellers. On Tuesday the Chicago market in A$/mt rose 5% or $11. The market was very short and the risks will now start to increase as the growing...

We’ve been working on upgrading our lamb price forecasting abilities at Mecardo and have recently developed an interactive modelling tool that allows us to forecast the annual average level for the Eastern States Trade Lamb Indicator (ESTLI) based on key supply and demand inputs. In...

This is the third consecutive week where the market has recorded losses, with the blame sheeted home to the drought on the east coast and the subsequent diminished supply of better style wool. AWEX report that the national average yield on Merino fleece for the week...