Regional rainfall update November 2020

Clouds in sky

Mecardo’s regional rainfall update for November 2020. Click here to view the latest update This report highlights: Current season’s monthly rainfall trend  Last season’s monthly rainfall trend  Average monthly trend over 50 years  70% range in monthly rainfall over last 50 years 95% range  Rainfall within the 70% range would be considered reflective of a […]

Rains in Brazil end soy rally, dragging down Canola prices.

In the vegetable oils complex, the key commodities of palm and soy oil have enjoyed a sustained strong rally over the last six months on the back of tightening world supply and demand. However, recent rains in a previously parched Brazil caused a pronounced price fall, amplified by a speculative trader selloff. Australian Canola prices […]

When will China trade tussle start to bite beef?

Image of shipping containers at sea

If you’ve spent much time looking at livestock commodity markets in the past five or so years, China is a topic you’d be familiar with. It’s impact on Australia’s red meat export has been on the rise, culminating in 2019 when it took about 25% of our lamb and beef that went offshore, and 45% […]

Lambs supplies close to last year but not sheep

sheep muster aerial shot

The official Australian Bureau of Statistics (ABS) slaughter figures are now coming out quarterly, and a fortnight ago the September stats came out. They confirmed 2020 is heading for an eight-year low in both lamb and sheep slaughter, but large increases look unlikely. September quarter lamb slaughter changes were relatively benign on the national scale, […]

Australian wool clip continues to broaden

Wool fleece

Not everything in the world is in thrall to the pandemic, with the Australian wool clip continuing to broaden due to the improved seasonal conditions in 2020. This article takes a look at the broadening trends in AWTA and auction data to November. AWTA core test volumes are the purest hard numbers on Australian wool […]