Agatha Christie would be proud
A wheat trader recently said to me, “Good luck trying to trade this market.” To describe conditions as ‘choppy’ would be an understatement of the highest order. Perhaps this is what markets look like now the managed money crowd has largely exited the massive short positions that had previously dampened volatility. Perhaps it’s manipulation. Either […]
Rain ramps up restocker activity
This week the cattle market continued to make up the ground it lost last month, with most indicators back up to where they were at the beginning of April. Cattle yardings were also at their lowest number since then, and their lowest this year for a non-public holiday impacted week. Some good rainfall across a […]
Currency on the move, but wool market remains steady
The Eastern Market Indicator (EMI) saw a small rise this week and crossbred wool and cardings rose for the second week in a row. Offsetting some of the loses felt by finer categories of merino wool. The EMI rose by just 4¢ to 1880¢ in Australian dollar (AUD) terms and slipped by 21¢ in United […]