Grains on a rollercoaster
This week, Moscow has repeatedly made comments about walking away from the Grain Corridor unless their demands around sanctions aren’t met. We suspect the market initially waved the threats off, suspecting this was another bargaining attempt using blunt force. Simultaneously, Russian grain inspectors hampered loading progress by stopping inspections, albeit temporarily. With less than 30 […]
Pent up demand prevails
As we returned to a full week, a huge influx of supply hit the markets, and the pent-up demand of returning buyers soaked it up with ease; with prices rising across the board. US 90CL prices are rising now, but the cessation of US COVID-19-related social support in May casts a dark cloud over consumer […]
EMI misses the jump
As we welcome the markets and our readers back from the wool market recess, the Eastern Market Indicator (EMI) has missed the jump, ending the week at its lowest point for the calendar year. Despite the finer end of the market hitting the ground running, vegetable matter and length are impacting broader microns. The EMI […]
Supersized saleyard supply
Saleyard lamb supply has been trending lower than last year since early March, driven by the onset of rain, and falling prices. However, this week lambs were drawn out of the paddock and into the yards with the biggest week of lamb throughput we’ve seen year to date. The balance of competition for available trade […]
