Market Articles

• Dry Weather Increases Cattle Yardings

  6^th April 2009

  Weather conditions have continued to effect cattle markets this week. Dry conditions have lead to increased cattle yarding numbers and increased slaughter rates in March, compared with February 2009 and with March 2009. Over the week cattle yardings were up 16% on last year, with QLD producers m... more

• Wheat Usage Higher Than Expected

  6^th April 2009

  The USDA stock report released last week showed that wheat disappearance has been stronger than expected. End of February wheat stocks came in at 25 million bu below the average pre-report trade estimate. End of February stocks were at 1.037 billion bu - up 46% from year ago. At this rate the USD... more

• Pre-Open Report - Markets Strong On Fundamentals

  6^th April 2009

  Friday’s markets were supported by weather, tighter supply and strong weekly export figures. The $A is stronger, currently buying US71.76c Soybeans were stronger on Friday, closing at US996c/bu, an increase of 18.5c. Tight old crop supplies and continuing export supply supported soybeans. May ... more

• Pre Open Report - Outside Markets Lend Support

  3^rd April 2009

  The rise in the outside financial markets created a buying frenzy across commodities. The Dow Jones Industrial Average is on the verge of climbing back above the 8000 level, crude oil was $4 a barrel higher, and the US dollar was weaker. Soybeans closed higher overnight. May soybeans gained 25... more

• Lentil Exports Strong

  3^rd April 2009

  Australian lentil exports this year have reached 33,858t. This exceeds the 2008 figure for the same period by 9,200t. Lentil production was lower than expected for the 08/09 season due to dry conditions in traditional grower areas. As a result strong prices have been seen for lentils, as buyer... more

• Diary Prices At 5 Month High

  3^rd April 2009

  Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, said near-term whole milk powder prices rose to a five-month high amid increasing demand. Milk powder for June delivery rose 0.9 percent from the May price set last month, according to the Auckland-based company’s Global D... more

• Root-rot Effects Chinese Canola

  2^nd April 2009

  There are reports from China of root-rot disease affecting the Chinese canola crop. The government is providing assistance to effected farmers via pesticide application. Currently 40% of crops in the largest crop growing areas have been affected. Dry weather during April will minimise the degree... more

• Pre Open Report - Canola Stronger

  2^nd April 2009

  Outside markets were slightly weaker overnight, promoting hesitation in agricultural markets. The full of effects of Tuesday’s USDA reports are still being absorbed by the market, while weaker crude oil weighed on corn markets. The $A is stronger, buying US 69.85c. Soybeans were unchanged over... more

• Market Report - Canola Stronger

  2^nd April 2009

  Outside markets were slightly weaker overnight, promoting hesitation in agricultural markets. The full of effects of Tuesday’s USDA reports are still being absorbed by the market, while weaker crude oil weighed on corn markets. The $A is stronger, buying US69.85c. Soybeans were unchanged over ... more

• Ethanol Companies Struggle

  2^nd April 2009

  The USDA reported on Tuesday that estimated corn plantings will be 1% lower than last year at 85 million acres. The decrease in plantings from last year is due to low prices and uncertain input costs. As the US government pushes for increases to ethanol content in fuel, corn could see a sound in... more

• Pre Open Market Report - Markets Rally

  1^st April 2009

  USDA reports were released overnight, giving support to the market. Soybean acres were lower than the market were expecting and wheat acre estimates were reduced. Crude oil and outside markets were also stronger which lent support to agricultural markets. The $A is slightly stronger, currently bu... more

• Wheat Export Opportunities

  1^st April 2009

  There is some promising news for wheat exporters as several countries have announced that they plan to increase their wheat imports. The increased presence of Russian wheat on the market this year has left many exporters with large carryout stocks, weighing on prices. Japan has announced that i... more

• USDA Prospective Plantings

  1^st April 2009

  The latest USDA Prospective Plantings report, released overnight, has been welcomed by the market. The market response was favourable with all commodities seeing price gains. It is estimated that corn plantings will be 1% lower than last year at 85 million acres. The decrease in plantings from l... more

• Market Report - Markets Rally

  1^st April 2009

  USDA reports were released overnight, giving support to the market. Soybean acres were lower than the market were expecting and wheat acre estimates were reduced. Crude oil and outside markets were also stronger which lent support to agricultural markets. The $A is slightly stronger, currently bu... more

• Lamb Export Prices Strengthen

  31^st March 2009

  Lambs were stronger last week, with lamb export prices continuing to firm. Nationally export lamb prices were 15c higher at 458c/kg. Prices are 111c higher than for the same time last year. Demand from the middle east remains strong, where buyers are taking advantage of the lower $A. Saleyard t... more

• Market Update - $A Helps Prices

  31^st March 2009

  Markets continue to be pushed lower as they wait for tonight’s USDA stocks and plantings estimates. Equities and energy markets were lower. The $A is slightly weaker overnight, currently buying US 68.01c. Soybeans closed at US905c/bu, losing 12.5c overnight. The end of the Argentinean growers ... more

• Pre Open Report - Markets Prepare For USDA Planting Estimates

  31^st March 2009

  Markets continue to be pushed lower as they wait for tonight’s USDA stocks and plantings estimates. Equities and energy markets were lower. The $A is slightly weaker overnight, currently buying US68.01c. Soybeans closed at US905c/bu, losing 12.5c overnight. The end of the Argentinean growers s... more

• CWB Pool Estimates Increase

  31^st March 2009

  The Canadian Wheat Board announced its latest revision to pool prices last week. The March price is $8/t stronger across all grades than the February price. Canada western red spring wheat 11.5% is priced at $282/t. Durum wheat prices were lower by $3. As the global market changes its focus from... more

• Pre-Open Report - Agricultural Markets Lower

  30^th March 2009

  Agricultural markets were lower on Friday, with outside markets highlighting their already weak stand point. A stronger $US, weaker crude oil and weaker stocks all weighed on Agricultural markets. Soybeans lost considerable ground on Friday, closing at US 917c/bu down 27c. The end of the Argenti... more

• Market Report - Agricultural Markets Lower

  30^th March 2009

  Agricultural markets were lower on Friday, with outside markets highlighting their already weak stand point. A stronger $US, weaker crude oil and weaker stocks all weighed on Agricultural markets. The $A is buying US 68.86c. Soybeans lost considerable ground on Friday, closing at US917c/bu, down... more