Oversold and unloved – is it wheat’s time to shine?
Global grain markets have been attempting to stabilise this week after a month of being sold off. Wheat was entering an ‘oversold’ position and was due for a correction of sorts. The situation that caused the sell-off; a large Russian crop coupled with growing export pace and a bumper Aussie crop; is now largely yesterday’s […]
Sideways markets a welcome situation
This week saw yet more price stability, with the typical dip in supply during the Australia day week of January helping to maintain support. The EYCI barely budged, however, the gradual downtrend in finished cattle prices seems to be continuing, with the holiday weekend not helping demand. Last week’s slaughter numbers were a lot more […]
Fine types carry the day
It was “steady-as-she-goes” in the wool market this week, however, the stronger Au$ made wool more expensive for buyers. While the market started slowly on Tuesday, with the market generally softer than its strong start to the calendar year; it was the stylish, well-prepared wools that provided some momentum on Wednesday. Overall the Eastern Market […]
Lambs fired up but mutton still in the freezer
As BBQs fired up across the country this week for our biggest period of domestic lamb demand, and a short selling week at the yards; the market lifted for all categories of lamb. Mutton remains on ice, with prices still moving lower as supply overwhelms demand. It was a shorter week with the public holiday […]
