The price received in Australia is composed of futures & basis*. It is possible to lock in the futures component through using derivatives (swap/futures etc). In figure 1 the forward curve is displayed in A$/mt. The forward curve shows the futures price for forward contract months. The...
A welcome sound not heard for a long time is being heard throughout large parts of NSW & QLD. The noise of raindrops hitting roofs. This week we cover a few factors from overseas impacting on markets including Egyptian purchases, Russian intervention, and the phase...
The South Australian government is debating a bill to end the moratorium on GM crop cultivation. I received information from a contact related to claims from anti-gm activists. I thought it was time to dispel some of the activist’s misunderstandings. The Mecardo team produced a report...
Back to hushed tones and whispers in the forwards market this week, as only two trades agreed. One trade was dealt for 21 Micron wool and agreed at 1,680¢ for later this month. One trade was dealt for 28 Micron wool and agreed at 920¢ for...
Cattle slaughter ticked up last week, but prices continued to track sideways. The market seems to be in a holding pattern in the east, while the WA premium remains strong. Just when we thought finished cattle supplies were heading for their spring lull, Victoria and NSW...
This week the wool market opened strongly in the three selling centres, posting gains across all MPG’s of up to 100 cents. Again, the medium merino types found the strongest price increases, although any “Good style” wools with high N/Ktex in the fine types were...
The hay market is set for another hot year. Supplies have dwindled but there are reports of plenty of crop being cut. Part of Victoria, South Australia and Tasmania are having good seasons, after dry summers, and this week we look at the numbers on...
Forwards has almost, but not quite seen exclusivity toward 19 Micron wool this week. We saw one trade for 21 Micron wool, agreeing at 1,750¢ for October. For 19 Micron wool, a mighty ten trades dealt, the lions share of these this year. Four trades were agreed...
Earlier in the week we took a look at beef export flows out of New Zealand, and the impact increased Chinese demand was having on markets. Chinese demand for lamb and mutton has also been on the rise, and it’s an opportune time to look...
The lamb market seems to have found a level it like, but mutton continued to slide this week. It doesn’t seem price moves were in response to supply, with demand shifts driving markets early in the spring. The data is a week old, but east coast...