Around the World (Crop Tour in a Flash)
The wheat market is rising and falling with every twist and turn of the weather. Last week’s bullishness over hot and dry conditions in the US spring wheat areas, gave way this week to rain in the Canadian Prairies and a more favourable forecast for the Corn Belt. Not all models are on the same […]
Neutral WASDE as we watch the weather
Tighter stocks for corn, slightly higher stocks for soybeans & new crop wheat production increases were the notable changes in this month’s World Agriculture Supply & Demand Estimates (WASDE) report from the USDA. Summary by Crop Wheat Projected 2020/21 US wheat exports increased by 20 million bushels, resulting in lower beginning stocks for 2021/22 US […]
Store lambs off the boil for now
It was only a few months ago that Restocker lambs were fetching 1000ȼ/kg, but demand for store lambs has waned and prices have moved back in line with the finished market. Demand from processors remains strong with Trade and Heavy lamb prices holding their ground. While slaughter for the last week of May remains a […]
EYCI notches up another record
After struggling for many weeks to gain altitude, the EYCI has finally risen to a new all-time record of 913ȼ/kg cwt. The impact of the cyberattack that brought JBS processing to a standstill, before returning earlier this week, had no discernible negative impact upon the market despite slaughter being 21% down, offset by lower supply […]
