Dry conditions drive supply
Dry conditions pushed some producers into the market, causing a lift in supply. The movements were minor compared to those large swings seen earlier in the year. Some indicators, despite the increased supply, were still able to make gains in value, thanks to strong demand still present in the market The demand for processor cows […]
Wheat slides on tariff talk
The wheat market has been steadily sold off this week as firstly the cold weather across the US and Russia has eased and investors returned to short the market. Adding pressure across the commodities was last night’s USDA report that forecast higher wheat and corn acres in the US. The weather market is still warming […]
Fine wool finds support
After a period of elevated supply and the aussie dollar resisting further declines, the wool market was able to retrace recent losses this week. Momentum from the Northern superfine sale and supply relief pushed the market higher as the Eastern Market Indicator (EMI) rose 11¢ to 1195¢/kg. The designated superfine sale in Sydney opened to […]
Here come the lambs
Indicative NLRS yardings had supply higher again, but in a refreshing change, lambs dominated throughput this week, and despite the surge in supply, trade lambs remained relatively steady, whilst restockers chasing lighter lambs remained competitive chasing lighter lambs in a heavier offering this week. Indicative NLRS yardings had supply higher again, but in a refreshing […]
