Weekly Commodity Report

Report prepared 11 January 2019.

Wheat

$445/t (APW)

Steady

Prices have firmed with low east coast domestic supplies. WA ports are expected to resume deliveries in February with reports of congested terminals
Source: DPI

Barley

$390/t (feed)

Down -1.3%

Any trade embargo with China is unlikely to be enforced until late February, driving sellers to move shipments earlier before the embargo is in place
Source: AgMark

Sorghum

$370/t

Down -10.8%

Hot dry weather is impacting yield prospects with production now likely to be down on last year. Quirindi crops are fairing better than further west
Source: Ag Scientia

Cotton

$577/bale

Down -5.4%

The US government shutdown has affected the USDA and with no market data being released, the uncertainty is causing prices to trend lower
Source: Namoi Cotton

Oilseeds

(Canola)

$625/t

Steady

There was an expected lull in grower selling across the Christmas and New Year period which lead to prices remaining steady
Source: Dairy Australia

Pulses

(Chickpeas)

$875/t

Up 6.1%

Domestic chickpea prices have continued to strengthen in the new year on the back of poor crop yields on the sub-continent and surrounding countries
Source: AgVantage

Sugar

$392/t

Up 1.6%

Global sugar supply is down as Central India suffers from a severe drought and Indian sugar exports remain on hold
Source: QSL

Cattle

523c/kg (EYCI cwt)

Steady

No market prices reported
Source:

Cows

175c/kg (lwt)

Steady

No market prices reported
Source:

Lamb

667c/kg (NTLI cwt)

Steady

No market prices reported
Source:

Wool

2,240c/kg (Mel 21mc)

Up 3.9%

Wool markets advanced significantly across the board as a cheaper Australian dollar had buyers eager to accumulate quantity from the outset of selling
Source: AWI

Weather

Rainfall potential is expected to remain patchy as warm ocean waters around eastern Australia will encourage late summer and autumn rains
Source: Weatherwatch