Report prepared 15 January 2021.
The final harvest update from GrainCorp showed NSW receivals at 8,363,800 tonnes, but noted that some southern growers were still delivering grain.
Source: GrainCorp
Barley prices firmed this week. Queensland cattle on feed numbers are reportedly still high and feedlots have been paying above the market for grain.
Source: Grain Central
Sorghum crops in northern NSW are expected to get higher than average yields this year, but will be limited by increased areas planted to cotton.
Source: Ag Scientia
World cotton prices increased ahead of the U.S. holiday with a lower production forecast. The Cotlook 'A' Index reached 87.35 US cents per lb.
Source: Agfax
Canola prices have climbed with a rally in overseas oilseed markets. Firm international demand is expected to support prices in the short term.
Source: Profarmer
Chickpea markets had little activity over the holidays. Desi chickpeas at Wagga Wagga are down to $488 per tonne.
Source: Profarmer
It was another volatile week in sugar with prices starting the new year strongly higher and trading above 16 US c/lb for the first time since 2017.
Source: QSL
The EYCI rose 40 cents above pre-Christmas levels in the first week of major sales as stellar results for weaner cattle crossed into the prime market.
Source: Weekly Times
NSW east coast cattle slaughter is 35% under the five-year average and 43% below the levels seen at the start of 2020 as herd rebuilding continues.
Source: Thomas Elder Markets
The ESTLI opened the week at 873¢/kg, but ended sharply lower. Domestic consumption is high with approx. 40% of production remaining in Australia.
Source: Mecardo
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Source: Thomas Elder Markets
The Rainfall Index across NSW improved with moderate to high probabilities of above median rainfall predicted across NSW for the next three months.
Source: NSW DPI