Corridors, corn and canola
All parties agreed to renewing the Black Sea grain initiative (grain corridor) last night. The deal was signed for a further 120 days, with no major concessions (that we know about) be-ing granted. Ukraine had hoped that additional ports would be added to the approved load-ing sites, Russia had hoped that multiple sanctions would be […]
Steer sentiment solid, but cows & 90CL on the nose
Warmer weather and more paddocks drying out have continued to fuel supply in parts of Northern Australia, with Roma offering the largest yarding seen in six months, and supply in SA and VIC also continued to rise. After last week’s flush of supply soaked up some of the pent-up demand, this week saw softer prices […]
Heavy lambs hold under a pressured market
Numbers fell away this week, mainly due to flooded areas in NSW and Victoria unable to be accessed. It wasn’t enough to stop the downward price trend for most categories of lamb and sheep though, with only heavy and light lambs breaking away to improve week on week The Eastern States Trade Lamb Indicator (ESTLI) […]
Stronger Au$ pushes market lower
The fourth week of an easing pattern continued for the wool market this week, with again a below average clearance. The stronger Au$ was the main cause of lower prices to growers, while again demand focused on the medium merino 20 & 21 MPG types lifting them higher. The Eastern Market Indicator (EMI) fell, down […]
