Energy sector surge and weather market continues
The surge in the energy sector has also spilled over into alternative fuels, primarily corn ethanol and biodiesel. If the conflict drags on, pressure will likely mount to increase mandated blending rates to stretch petroleum supplies further. That would potentially strengthen the demand outlook for crops used in biofuels, particularly for canola, soybeans and corn. […]
Higher supply raises pass in rates
The Australian wool market saw a modest rise this week with the Eastern Market Indicator (EMI) increasing 16¢ to 1783¢, driven primarily by a increased offering. Sentiment remains strong, as price improved despite an uptick in the pass in rate to 7.2% and a rising aussie dollar to 0.71USc, factors that can potentially push prices […]
Restocker records fall as supply still slower
Southern rainfall didn’t hinder sheep and lamb supply for long, with yardings levels this week back to where they were a fortnight ago. It has helped buoy prices, however, with all major indicators finishing stronger. If record-breaking prices, especially for restocker lambs, are anything to go by, confidence in the sector has been firmly boosted […]