Wheat’s false start as Russian cuts spark
There was a brief spark in the wheat market overnight after Russia’s Deputy Agriculture Minister revealed that the country’s sown wheat area for the 2026 season is expected to fall 6.2% to 28.2 million hectares. Prices below the cost of production in many regions are clearly starting to bite. In what should have been a […]
Market checks as larger offering tests buyer appetite
After an extended run of weekly increases, the wool market checked this week. With the Eastern Market Indicator slipping 48¢ to 1517¢/kg, as the market recorded its first decline since July. Even with the easing, the EMI remains around 33% higher than the same time last year. The Western Market Indicator also softened, falling 40¢ […]
Heavy lambs hold while supply slows
National sheep and lamb indicators generally fell this week, with heavy lambs being the exception. Despite this, there was still plenty of positivity quoted in most saleyard reports, with consecutive public holidays in Victoria and then NSW playing a role in processor operations. This also caused this week’s sheep and lamb yardings and last week’s […]