Report prepared 16 April 2021.
Australia's wheat crop is likely to have another big year as WA cropping areas received a boost after Tropical Cyclone Seroja, getting 20-40mm rain.
Source: Ag Scientia
Reports of tightness in road and rail logistics has led to higher feedgrain prices this week, with barley slightly higher across the east coast.
Source: Grain Central
Industry estimates that sorghum quality will be slightly below historic levels, with growers taking steps to maintain quality of remaining harvest.
Source: Riverina Australia
The cotton futures market recovered from a recent slump due to a lower US dollar and dry conditions in key cotton-growing areas in the US.
Source: Rain Ag
Canola prices have been supported by strong international soybean prices and heavy frost in France affecting its canola crop at a key time.
Drier-than-average conditions in India and Pakistan over the past 3 months have increased optimism that Australian pulse exports will be strong.
Source: Rain Ag
Sugar prices rallied this week with early yields in Brazil below-average and damage to sugar beet seedlings in France due to heavy frost.
The EYCI hit a new record of 907.5c/kg with Central West, Riverina and Hunter Valley saleyards contributing to high prices and high yardings.
The NSW medium cow indicator remains near historic highs, near 290c/kg lwt since January. NSW cows are trading at the highest prices of the states.
Lamb and sheep prices fell after a week of higher yardings, with the largest price falls occurring in SA and Victoria. The ESTLI was down
Mixed results after the Easter recess. Super fine Merino fleece and skirting types were in demand, but prices for 19 to 22 micron grades were down.
A generally dry week for much of NSW, but for a band of rainfall providing around 20mm over the Liverpool Plains, New England and the North West.