Dollar clips the wool market
Unfortunately, the second week of the new selling season saw the momentum of the first carry-through. A rally in the AUD/USD on the back of soft US inflation data didn’t help, but sellers put their foot down, lifting the pass-in rate to 13.6% of the offering. With discounts right across the board for Merino types, […]
Hot market as buyers head North
The market was running hot this week and it was evident that the chase was on to acquire lambs with weight. With Heavy lamb throughput 8% lower week on week, the impacts of the South’s late autumn break begin to surface. What a difference a year makes with the Eastern States Trade Lamb Indicator (ESTLI) […]
Rains bring the gains
Positive gains in prices across the market, combined with a lift in yardings point to an increase in demand from buyers this week. Multiple saleyard reports from major selling centres mention additional buyers at the rail. Widespread rainfall across the lower two-thirds of the country continues to fill moisture profiles setting up for a strong […]
North hemisphere harvest fuels the bears.
The wheat market has resumed its strong bearish theme this week as harvest pres-sure, improving US crop conditions and technical selling all combined to push the market lower. Russian FOB wheat prices continue to slide as exporters try to stimulate demand. The Russian export program for July shows only 2.5mmt compared to 4.2mmt the previous […]
