Russians bomb Mykolaiv, Grain exports doubtful.
In the past week, wheat prices have come under considerable pressure as talks progressed on news of a proposed ‘humanitarian corridor’ through the Black Sea. This week, the market rebounded strongly after news emerged that Russia bombed the Ukrainian port of Mykolaiv on the Black Sea over the weekend. The trade are now dubious that […]
Small offering encourages price lift
With Fremantle having a week off AWEX reported the smallest offering in nine months. The market responded positively with all types improving with the only exception the cardings indicator that again struggled. The EMI turned around a three-week losing streak, rallying 24ȼ/kg to 1438ȼ/kg. The Aussie dollar was again stronger, up 0.64ȼ higher against the […]
Wet weather dampens supply
While wet weather in the north had the impact of reducing supply somewhat this week, bidding activity was subdued overall, with the EYCI losing some ground, but prices for finished animals firmed. The rising Aussie dollar spells trouble for the 90CL price over the next 18 months if the RBA continues increasing interest rates, but […]
Tidal wave of lamb drowns price
All lamb indicators tumbled lower this week due to a solid surge of lambs coming to market with prices for most key categories of lambs dropping a sizable 2-5% in the space of a week. In contrast, sheep prices were resilient despite evidence of a sharp jump in yardings, advancing 4%. Prices were subdued this […]
