Report prepared 25 July 2025.
Local market is rangebound. US markets lifted as winter wheat harvest is >70% complete and farmer selling slowing. Russian supply flowing into markets.
Source: Profarmer, USDA
A lift in new season barley price due to increasing cattle on feed domestically, and positive movement in Chinese hog prices to support export demand.
Source: Profarmer
Last sorghum cargoes for the season will load next month, accumulation for them, and solid containerised demand, is keeping prices relatively steady.
Source: Grains Central
US cotton futures eased on a stronger USD and a slide in oil prices. Buyers remained cautious with ongoing tariff tensions and seasonal demand weakness.
Source: Fibre2Fashion
EU rapeseed production forecast to be 19-20 million t for 2025 up from 17 M t in 2024. Strong EU production poses downside risk to non-GM export demand.
Source: MSM Milliing, Profarmer
Old crop demand still exists into Qld Downs packers’ facilities, while new crop bids into Downs and Brisbane still not at attractive levels for growers.
Source: Profarmer
Focus on Brazil's current harvest's high sugar mix at 53.15% for a switch to ethanol on lowering sugar price, but yields down 14% on prior year to date.
Source: QSL
Restocker and feeder heifers up more than 17¢/kg on the week to 366¢/kg and 377¢/kg respectively. Softening feed wheat prices will support lot feeders.
Source: Mecardo
Processor Cow Indicator lifted 14¢ to 328¢/kg lwt, NSW (+24¢) and Victoria (+23¢). Demand for Heavy cows saw Wagga ranging from 354¢/kg to 384¢/kg lwt.
Source: MLA
Trade lamb supply was up >10,000 hd nationally, resulting in a slight easing of the indicator, while heavy lamb rose 16¢ to 1176¢/kg cwt on low supply.
Source: Mecardo
Prices rose across wool types as buyers sought to fill immediate orders at the last sales prior to 3-week recess. Merino types up 15 to 30a¢/clean kg.
Source: Elders, AWI
Broad rainfall across south east Australia over the weekend, providing much-needed rain to drought-affected areas. Alpine areas received up to 100mm.
Source: Bureau of Meteorology