Fifty millimeters were tipped out of the gauge this morning in the Western districts of Victoria, where I live. Gladly, the weekly rainfall pattern shows that much of the south east quadrant of the nation have been doing the same with 25-50 mm fall registered...
It has been some time since we’ve talked about rainfall driving sheep markets for three weeks in a row. Precipitation has all but completed the autumn break for key sheep areas in Victoria and South East SA. It doesn’t rain grass, but try telling restockers...
The wool market tracked lower for Merino types this past week however crossbreds bucked the trend and continued to rally. As for exports, Chris Wilcox, NCWSBA, reports that export volume is down 12% for the season to March, however as a reflection of the strong market...
The rain is falling, and prices are being dragged down in sync. In this update we take a look at the impact on ASX pricing and provide a short case study of a producer utilizing the contract to increase their pricing for the 2019/20 harvest.It’s...
The market was always going to react when the rain arrived. There are many who started their 2019 marketing strategy in the middle of last year. In this update we take a look at physical pricing and basis for new crop around the country. At its...
A busy week on the forwards market, the first in quite a while, with 14 trades agreed. The lions share of the market has leant heavily into medium fibers, where 9 trades for 19 micron were agreed, most looking far into the future.In the fine...
The title of this commentary isn’t referring to the grass but the sale yard price board for lamb and sheep across the east coast. Although, if we keep seeing rain falling in all the right places it won’t be long before the pasture starts to...
Speculation tends to get a bad rap, however, it provides the liquidity to ensure that grain markets operate correctly. The commitment of traders (COT) report is a weekly report produced by the US Commodity Futures Trading Commission. The report is released every Friday and is based...
Post drought cattle prices are inherently volatile. This is especially so for young cattle. This week we saw the Eastern Young Cattle Indicator (EYCI) yo yo bounce back up in the first full week of trading for three. The forecast rain seems to have come to...
Pluviophile – A lover of rain; someone who finds joy and peace of mind during rainy days. The rain has teased in recent months, however this week it has delivered to many in need – and the market has reacted. After months of dry weather we...