New season lambs cause buyers to ‘Weight’and see
It’s out with the old and in with the new at the nations saleyards this week. New season lambs are on the march and are splitting buyers with the variation of weight and condition. Older sheep were swarming the yards, but demand was up to the task. The biggest cohort of lambs since January this […]
Demand spurred on by Rain
Traditional economic theory was at play this week with the value of the indicators moving in the opposite direction of their supply. In short – yardings fell and prices rose. What also fell was rain, across most of the Eastern Seaboard and isolated areas of WA, the BOM has forecasted more next week as well. […]
Stimulus falls flat but wool market turns green
The wool markets on a roll, spinning another week of positive gains and lighting up the boards greener than a social media feed on National Ag Day. A small offering and weaker AUD helped to engage buyers of Merino fleece, despite more of the same news on the Chinese economy. With all medium to fine […]
Was the USD on your bingo card?
After a couple of weeks of trading sideways, the wheat market snapped and plunged lower, breaking through the psychological level of support at 560c/bu and now look-ing to test the next level of support at 520c/bu. This time the catalyst was some welcome rains throughout the US wheat belt, just in time to see some […]
