Recent Analysis
  • By Andrew Whitelaw

The big one

The Australian government crop forecasts were released this week. The crop now has an official estimate over 32.5mmt, which although a huge rise since their previous estimates is largely in line with the middle ground of trade estimates.

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Grain
  • By Andrew Woods

The EMI and merino prices

Recent articles have reported wool prices to be at 17 month highs. As with all commodities prices vary across different grades of wool. This article takes a fresh look at current prices and where they sit in relation to history. Are we actually sitting at strong levels?

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Wool
  • By Angus Brown

If you listen closely you can hear Canola basis crashing

About 10 years ago I heard a grain marketing advisor say in relation to using futures or physical prices, “the basis will tell you what to do”. If we apply this to the current market, the basis is definitely saying hold canola, and sell wheat, despite prices being at the opposite end of the historical spectrum.

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Grain
  • By Andrew Woods

Wool supply catches up

With the wool supply chain reported to be operating on a hand to mouth basis, with little merino stock held, changes to fresh shorn wool becomes of great interest. In this sense the market is the opposite to the conditions which existed during the aftermath of the collapse of the Reserve Price Scheme, from 1991 through to the end of the 1990s. This article takes a look at the latest AWTA wool volume data for November.

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Wool
  • By Angus Brown

Is there money in $110 lambs?

Here’s the question facing many lamb producers in South West Victoria and South East South Australia. Do I take the very good store lamb prices on offer, or do I use abundant feed and cheap grain to grow them out into a trade or heavy lamb?

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Sheep