Cattle markets have been waiting for a rain event, and it keeps coming. Average January rainfall has been followed by more rain in Queensland this week, and more is forecast for the east coast this week. If the drought hasn’t broken, price action suggests it...
Is the Australian grain industry a lone continent removed from the vagaries of overseas pricing? Are we independent of the rest of the world? In this article, we take a look over the past few months to see the driver of pricing. Derivatives play an...
This week the wool market operated under the shadow of the Novel Coronavirus, causing widely differing predictions as to the likely impact this would have on the market. With China the dominant force in the wool market by a long way, concerns were high as...
The last fortnight in January saw both yarding and slaughter levels post a significant retracement for lamb and sheep markets across the east coast with the tight supply keeping prices well supported.From its mid-January peak combined weekly lamb and sheep yarding levels along the east...
The rain has fallen dramatically over the past week providing much-needed rainfall to large swathes of New South Wales and Queensland. This will provide some positivity to many after suffering through 2 or more years of drought.CBOT December wheat futures have declined rapidly from...
Confidence in the wool market took another hit this week as the flow on effect of the Novel Coronavirus has been rearing its head. Local exporters took their cues from foreign importers who are uncertain due to disruptions in mills and trade flows. The opening...
A quick glance at Meat and Livestock Australia’s (MLA) weekly slaughter data suggested both sheep and lamb were following the normal trend. This was not the case however, with the data lagged a week it was a case of supply tightening before the public holiday-induced...
The 2019 Novel Coronavirus (2019-nCoV) is causing ructions in various markets as the Chinese and associated economies are disrupted by the efforts to limit the spread of this new virus. This article takes a look at recent pandemics and their effect on wool prices. 2019-nCoV (2019...
Coronavirus is spreading around the world at a rate of knots. In the last week, we have been asked about the potential impact on demand for agricultural commodities due to this illness. In this report we look at the question – is coronavirus impacting on...