Weekly Commodity Report

Report prepared 16 April 2021.

Wheat

$293/t (H2)

Up 1%

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

Barley

$220/t (feed)

Up 0.9%

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

Sorghum

$310/t

Steady

Industry estimates that sorghum quality will be slightly below historic levels, with growers taking steps to maintain quality of remaining harvest.
Source: Riverina Australia

Cotton

$598.3/bale

Up 5.4%

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

Oilseeds

(Canola)

$621/t

Up 3.3%

Canola prices have been supported by strong international soybean prices and heavy frost in France affecting its canola crop at a key time.
Source: Profarmer

Pulses

(Chickpeas)

$593/t

Steady

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

$452/t

Up 3.3%

Sugar prices rallied this week with early yields in Brazil below-average and damage to sugar beet seedlings in France due to heavy frost.
Source: QSL

Cattle

908c/kg (EYCI)

Up 3.5%

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.
Source: MLA

Cows

291c/kg (lwt)

Down -0.5%

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.
Source: MLA

Lamb

816c/kg (NTLI cwt)

Down -3.1%

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
Source: Mecardo

Wool

1,245c/kg (Mel 21mc)

Down -2%

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.
Source: AWI

Weather

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.
Source: Weatherzone