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July 2017

The 2016-17 season saw a change in the air drive a change in the paddock for wool production, but how did this impact the market? While winter is here and the recess lingers for the wool market, our season recap continues - this time hitting...

After falling heavily last Thursday night Chicago Soft Red Wheat (CBOT) Futures largely held their ground this week.  The real issue for local values came from the Australian dollar, which this week hit a two year high and is dampening the value of our grain. CBOT...

The lamb price bounce continued this week despite a bit of a lift in yardings.  The direct to works supply appears to have weakened, with plenty of competition back at the saleyards.  All this despite the stronger Aussie dollar which is not doing great things...

First week into the recess, the wool forward market hasn’t moved much. Only a couple of trades, one in fine wool and another in medium wool. 19 micron wool traded at 1775¢ for August 2017. And September 2017 saw a trade at 1450¢ for 21 micron...

It’s nice to be right sometimes, even if it is only for a week. The weekly comment last week suggested the slide in lamb prices was about to halt, and halt it did. The market even bounced back above 600¢ as lamb and sheep yardings...

This week we saw the USDA release their July World Agricultural Supply and Demand estimates, the market has reacted to this news. In this update, we take a short look at Chicago futures & the dollar. The last two sessions in the wheat market have been...

It seems wool growers are selling as soon as the wool is shorn, with another large offering coming forward. Despite this, the market performed well despite receiving no help from a rising A$. AWEX report that W.A.’s unseasonaly dry weather has seen growers bringing forward...

In the late 1600’s Sir Isaac Newton, developed the theory of gravity. It seems that in addition to determining that apples will fall from trees, it seems that what goes up in the grain market also comes down. After a sustained rally over recent weeks,...

It doesn’t take a rocket analyst to work out why sheep and lamb prices have been sliding for the last month. The Eastern States Trade Lamb Indicator (ESTLI) this week broke through the 600¢ mark as the supply of stock direct to works appears to...

Again, the occasional, yet extreme demand for wool with good measurements (low mid breaks & good tensile strength) contributed to a mixed message out of this week’s wool market. The better types pushed the overall market to new levels while lower style wool battled to...