Weekly Commodity Report

Wheat

$350/t (H2)

Wheat markets softened as the Australian dollar rose off its lows and overseas markets weakened. Conditions are dry in the south for new crop.
Source: Profarmer

Barley

$320/t (feed)

Feedgrain values were down this week with the Australian dollar back up from recent lows. Dry conditions in Victoria and South Australia
Source: Grain Central

Sorghum

$370/t

More vessels were added to the shipping schedule, adding to exporter demand for sorghum. Reports of higher feedgrain demand from Chinese buyers.
Source: Ag Scientia

Cotton

$609.7/bale (Cotlook 'A' Index)

US cotton prices fell with easing demand from China. US domestic cotton consumption is forecast to fall to the lowest level in 150 years.
Source: WSJ

Oilseeds

$753/t

Weakness in overseas soybean and canola markets have brought local canola prices down, although most of the old crop canola has been sold.
Source: Profarmer

Pulses

$842/t

With the Australian dollar easing in recent weeks there was an uptick in demand from container packers, with UAE and Bangladesh markets steady.
Source: Profarmer

Sugar

$616/t

Sugar futures fell steeply, along with other commodities, due to the escalation in the US-China trade war and uncertainty in global economic growth.
Source: QSL

Cattle

702c/kg (EYCI)

The EYCI rose marginally this week, but NSW saleyards were lower despite lower yardings. Major saleyards had higher prices than the NSW-average.
Source: Mecardo

Cows

280c/kg (lwt)

Processor cows reversed gains from the prior week, following the trend in finished cattle. NSW had its largest weekly cattle slaughter in 5 years.
Source: MLA

Lamb

801c/kg (NTLI cwt)

National weekly sheep and lamb slaughter was above the 500,000 head mark for the fourth consecutive week. NSW throughput rose 5% to 131,364 head.
Source: MLA

Wool

1,232c/kg (EMI)

The wool market had broad losses with all micron grades finishing lower. The Australian dollar rose strongly against the US Dollar and Chinese Yuan.
Source: AWI

Weather

Sea surface temperatures in March were the highest recorded in that month since 1900. Dry conditions are expected for NSW over the coming fortnight.
Source: Bureau of Meteorology