US soy recovery pushes canola higher

Soybean harvest in the US

When data releases aren’t what market analysts generally expect, significant reaction is the norm; and a surprise downgrade in the US soy Crop condition this week did not disappoint, with the resultant concerns over potential tighter supplies of oilseeds, sparking up soybean prices into recovery mode and dragging Canola prices up in its wake. The […]

Is the Merino fibre price fair value?

Merino sheep in Tasmania

Merino wool prices have rebounded more strongly than most had expected from the pandemic induced lows of 2020. As earlier articles have noted, wool does not operate in a vacuum but in competition and cooperation with a wide range of other fibres. This article compares the performance of merino prices to the wider apparel fibre […]

Wether incomes still can’t compete

Merino lambs

As we move towards recess for wool markets, and what should be near the peak of the lamb market for the year, it’s time for another look at relative prices. Has the rally in wool markets been enough to see more Merino joinings next year or save some wethers from the market? The last fortnight […]

Aussie beef exports slide again

Image of shipping containers at sea

Total Australian beef export volumes continue to decline, with export volumes dipping again by 4% in June. The previously strong volumes to South Korea seem to have lost steam. In line with declining slaughter rates, total Australian beef export volumes experienced another month on month decline of 3kt (4%) down to 76.5kt (Figure 1). South […]