Weak dollar welcomes wool
The wool market returned from its three-week Christmas break making a very strong start to 2025. The market was assisted by a weaker AU dollar which encouraged predictions of a good market opening. This was certainly confirmed with buyers stepping up to a relatively large catalogue. AWEX reported that from the opening bids were stronger […]
Yardings react to softer opening
Supply was very reactive to the conditions this week as lamb numbers scaled back in response to the market opening last week. At the same time, the shine on the mutton market wore off. Despite the decline in supply, the market is still keen to retrace some ground from the December highs. Processors aren’t shying […]
Northern buyers buy big
The cattle market continued its strong start to 2025, with most price indicators rising from last week’s starting point. Spurred by favourable rain, it was the demand from the northern buyers that helped shore up the demand side. The market is experiencing large supply increases week on week, as more participants return from their festive […]
Will Trump 2.0 be the next Y2K?
A few weeks ago, we wrote that the world’s corn stocks were getting worryingly tight. Earlier this week, the USDA tightened them even further by cutting US corn yields after a dry-ish finish to their season. The report cut US corn ending stocks by 7mmt, significantly below traders’ expectations. Soybean stocks were also cut below […]