Funds taking the fun out of commodities
The wheat market suffered a significant correction last night after reaching two month highs earlier in the week. The trigger was a release of US economic data and wider global recessionary fears. Funds led the market lower across a wide range of commodities and stocks. Fundamentally, grain markets look to be supported by shrinking global […]
EMI finally budges, down this week.
After two weeks of minimal price movements, the wool market has recorded considerable falls this week. As reported by AWI, ‘subdued competition and lacklustre off shore demand’ saw most microns fall as sales progressed, with most indicators finishing in the red. After three weeks of not moving, the Eastern Market Indicator (EMI) lost 12ȼ this […]
A spring loaded lamb market
The divide between old and new season lambs remains a prominent feature of the market. This week old season lambs presented in mixed quality which caused wide variation in price, while new season offerings are in good condition and attracting stronger bidding competition. Lamb and mutton price indicators all sprung higher over the week. The […]
A weaker undercurrent
The cattle market was relatively stagnant this week, with prices sliding backwards only marginally in most cases, despite some mild support from reduced supply. The more substantial fall in the restocker index might be of concern, suggesting that a some of the renewed demand for young cattle we have seen in recent weeks could be […]
