November Rain
Last Tuesday night, the USDA released their October WASDE (World S&D estimates – figure 3). In the week leading up to the report, the market had been heavily betting on the fact that soybean stocks were bearish based on very good US yields and excellent planting conditions in Brazil. Over the week prior, the Nov […]
Cattle producers, in the box-seat
The story of low yardings, tight supply & high prices rolls on in the Aussie cattle market. The rain that has landed in paddocks this week, and the forecast, will keep things that way for the foreseeable future. International demand for Aussie beef also remains very strong. On the East Coast, yardings dropped by around […]
Another splash of seasonal confidence
With parts of the east receiving rainfall totals in excess of 100mm this week, if producers weren’t already confident about pasture availability they should be now. Saleyard supply reports at major saleyards were mixed with some noting producers holding back in response to the cheaper market and others reporting bigger yardings were met with stronger […]
Market fails to excite sellers
The wool market had a weaker tone this week, however most of the falls were on the first day of selling with a steady result reported on the final day. Supporting the market was the reduced offering partly due to the withdrawal of 5.3% of the offering prior to sale. The Eastern Market Indicator (EMI) […]
