Volumes ain’t volumes
Weekly auction volumes of wool offered are often bandied around as a measure of whether supply is set to outstrip or fall short of demand, with the implication that prices will fall or rise as a consequence. This article takes a brief look at weekly sales volumes from a couple of perspectives. AWEX (see more […]
Record Crops, Tight Stocks
The new season United States Department of Agriculture (USDA) World Agricultural Supply and Demand Estimates (WASDE) report has dropped overnight. The May report is the most anticipated as it gives a first look at the 2025-26 production and consumption, which can obviously move markets. The headline numbers from the WASDE are for record production levels […]
Dry May, but there is cause for optimism.
There are a myriad of weather forecasts out there, and most farmers will know you can usually find one with some rain on it. At the moment, you can’t find a forecast for rain in the next fortnight for much of South Australia, Victoria, and Southern NSW. As such, producers are biting the bullet. Winter […]