Weekly Commodity Report

Report prepared 15 August 2025.

Wheat

$345/t (H2)

Steady

Global wheat markets were influenced by surging new crop supply and exports in the Black Sea and US; despite USDA cutting global ending stock estimate.
Source: Mecardo, Profarmer

Barley

$284/t (feed)

Down -2.7%

Barley prices were steady to lower, with reduced grazier demand and slow export demand driving price movements. Limited upside potential in near term.
Source: Dairy Australia, Profrmer

Sorghum

$355/t

Steady

Australian sorghum exports reached $1.1 billion in 2024-25, while NSW exports rose 74% to $320 million, still below record levels in 2022-23.
Source: S&P Global

Cotton

$610.9/bale (Cotlook 'A' Index)

Up 2%

Cotton futures rebounded to the highest level since April 2025 with crude oil steady and US grain markets rising with expected higher export demand.
Source: Fibre2Fashion

Oilseeds

(Canola)

$762/t

Down -4.2%

Improved seasonal conditions and declining oilseed complex weighed on local canola markets. China has imposed a 78.5% duty on Canadian product.
Source: Grains Central, Profarmer

Pulses

(Chickpeas)

$732/t

Steady

Pulse market outlook in 2025-26 indicates higher supply and competitive prices, with Canadian area sown up yoy: lentils +4%, peas +9%, chickpeas +13%.
Source: Hectar

Sugar

$575/t

Up 4.6%

Sugar futures had a positive week with concerns about cane yields in Brazil. Production forecasts have been reduced due to adverse weather.
Source: Bloomberg

Cattle

853c/kg (EYCI)

Down -0.1%

Most cattle indicators eased excluding the Feeder Indicators. Feeder Heifers lifting 17¢ to 414¢/kg lwt on restocker and feeder buyer competition.
Source: MLA

Cows

366c/kg (lwt)

Down -3.2%

The NSW Processor Cow Indicator fell on higher supply this week. Southern destocking recently had been absorbed by higher demand in northern markets.
Source: MLA

Lamb

1163c/kg (NTLI cwt)

Down -5%

National sheep market eased with all indicators falling between 33–83¢ from last week’s record. Lamb throughput eased less than 1% to 183,425 hd.
Source: MLA

Wool

1,239c/kg (EMI)

Steady

The wool market is in recess. Auctions resume week commencing Monday 18th August.
Source: AWI

Weather

The latest long range forecast from the BOM shows a high likelihood of higher than average rainfall over spring across the entire east coast.
Source: Bureau of Meteorology