Yardings skyrocket after price uptick
Yardings skyrocketed off the back of stronger confidence in the market following the last two weeks of rain on the east coast. Almost every saleyard across the nation saw an increase, some over double the throughput compared to last week, as farmers looked to cash in on the recent price rises. Initial throughput data from […]
Wheat finds its feet
Wheat is doing something highly unusual. It is going up. Having withered on the vine for the best part of 12 months, wheat has finally found a bid. Following on from some flash sales last week, China has continued this theme and is believed to have bought over 1mmt of US SRW and some HRW […]
Lambs back to 600¢/kg mark
The positivity in the sheep and lamb market has continued to pick up this week, yet to be slowed by the upcoming festive season break in trading. Rising prices were also unhindered by the significant jump in throughput this week, as producers took the opportunity to capitalise on improved sentiment and get stock off before […]
Rate decision benefits sellers
The Reserve Bank’s decision to hold the cash rate was an early Christmas gift to many in Australia, but the wool market was an immediate beneficiary as auction momentum ramped up on Wednesday and Thursday. The AUD/USD exchange rate has played a critical support role for commodities this year and recent upward movement has impacted […]
