Canadian weather heats up canola market

Canadian prairies

Hot and dry weather across the Canadian prairies, the heartland of canola production, has caused significant deterioration in the condition of the Canadian canola crop. With production expected to be lowered from the current 20mmt estimate, ICE canola futures have been given a push upward. ICE Canola prices have climbed over 15% since the start […]

Sheep and lamb offtake – an update

It is the start of a new season and a time when the supply chain looks forward in order to assess supply in the coming year. In this article we update the sheep and lamb offtakes, as a guide to coming changes in the flock size. Mecardo last looked at the sheep and lamb offtake […]

Could there be further upside for the EYCI?

Cattle saleyards

The Eastern Young Cattle Indicator (EYCI) has had a rather unexpected rally this week, quickly heading towards the magic 1000ȼ mark. It might not get there this week, but it’s worth trying to work out what’s behind this latest rally. At the close of sales on Wednesday the EYCI was sitting at the lofty record […]

Percentiles – July 2021

Percentiles with a background image of hay bales

Mecardo’s Percentiles update for July 2021. Click below to view the latest report Grains Oilseeds Sheep and lambs Cattle Wool Dairy Fuel Percentiles are an important tool for assisting in the decision-making process. They can provide an indication of the range in which prices have moved and how much time they have spent at varying levels. […]