AgVantage Commodities Market Report 20/07/2017

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With scattered showers dampening Northern New South Wales (NNSW) over the past week there has been a slight dusting of around 10-15mm but nothing to really influence positive growth at this much needed time of year. As frosts and dry windy weather continue across the state, it also continues to drive the demand across export

AgVantage Commodities Market Report 13/07/2017

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As stated previously in passing weeks, winter is beginning to take its toll on most aspects across the state of New South Wales. With temperatures barely reaching maximums of twenty degrees during the day throughout the north and lows recorded of 5 below zero, this is not doing any wonders for emerging crops. Any rain

AgVantage Commodities Market Report 6/07/2017

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The second half of the year has now kicked off with July, and Mother Nature has sure let us know that winter is well and truly upon us with a very fresh frosty start on the weekend just been. Northern New South Wales (NNSW) was lucky enough to see some rain last week though it

AgVantage Commodities Market Report 29/06/2017

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As we are quickly approaching the downhill run of 2017 with only a couple more days left of June as well as the financial year, this has brought a predicted forecast of some welcome rain around Northern NSW (NNSW). Today the forecast is projecting a nice change of 20-40mm but I wouldn’t suggest holding your

AgVantage Commodities Market Report 22/06/2017

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Yesterday brought the Southern Hemisphere’s winter solstice, marking the day with the shortest period of daylight, the longest night of the year and cementing that the cold dry winter has well and truly arrived. The eastern side of Australia continues to be substantially dry with no rain forecasted, for Northern NSW the outlook is dismal

AgVantage Commodities Market Report 15/06/2017

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As we are closing in on the middle of 2017, the north eastern side of Australia is in the midst of a cold dry winter currently with not much moisture forecasted for the near future. As of where we stand this month, it seems a very much a wait and see situation. This can be

AgVantage Commodities Market Report 8/06/2017

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Global risk premiums remain in major ag grain markets as dry weather continues to raise concern for the spring season in Canada and northern U.S. spring wheat regions. Low temperatures are stunting the progression of the spring crops in Eastern Europe, and a shortage of rain in the Australian wheat belt is also starting to

AgVantage Commodities Market Report 1/06/2017

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Red was the colour to be seen through the board in offshore markets overnight with CBOT wheat, corn soybeans and ICE canola markets all concluding lesser. Positive weather conditions across the US Corn Belt positioned CBOT corn values under stress overnight. The USDA’s crop progress survey proposes planting is on track and, more importantly, is

AgVantage Commodities Market Report 26/05/2017

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Global grain markets remain in sideways trade over the last week as participants try to determine what impacts (if any) the recent weather in the U.S has had on yields & quality. The AUD/USD has also been stubborn over the week reaching through $0.75. Cotton has come off its highs of last week in AUD

AgVantage Commodities Market Report 18/05/2017

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The AUD has continued to trade tight against the bulk of its rivals with the Euro and Japanese Yen standing out over the rest. This week offshore markets again reacted to updated figures on the US crop conditions and planting progress. US wheat futures prices finished mostly weaker on Tuesday.  Kansas prices fell sharply to

AgVantage Commodities Market Report 15/05/2017

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As this week brought out the US Dept. of Agriculture’s world agricultural supply and demand estimates (USDA WASDE), it was much softer than first anticipated. However, the fact that there will be less grain produced globally in the 2017/18 season, compared to this season, means that less of a production shock is needed to relive

AgVantage Commodities Market Report 23/03/2017

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CBOT wheat futures have given up further ground in the last week, however, Northern NSW wheat prices have remained steady to $2 per tonne lower over the last week. The domestic market has done some work to the down side on the back of rain during this time. Whilst the rain has been patchy, large

AgVantage Commodities Market Report 17/03/2017

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US wheat futures have had a mixed week, although the one thing they have maintained is a downward trend.  U.S. production prospects for CBOT (APW1 type wheat) seem comfortable in relation to Kansas (H2 type wheat). The reason for the increase in Kansas futures is on the back of crop weather concerns for the hard

AgVantage Commodities Market Report 12/01/2017

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HEADLINES: Forecast of substantial rain in the southern Plains early next week saw the U.S Hard Red Winter Wheat market lower. However, Minneapolis Spring Wheat held firm as protein spreads widen further (ie. protein wheat well supported). USDA to release its WASDE report at 4:00am Sydney time (ie. Friday morning our time). USD Index has

AgVantage Commodities Market Report 16/12/2016

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Harvest is well underway in the north west. Yields have been anywhere from 3mt/ha to 5mt/ha for wheat & barley, which will go partly towards compensating on prices. Late last week, & early this week saw the AUD/USD strengthen to the high $0.74.97 mark. This made Australian wheat exports less competitive. Coupled with out appreciating

AgVantage Commodities Market Report 1/12/2016

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Harvest is well underway in the north west. Yields have been anywhere from 3mt/ha to 5mt/ha for wheat & barley, which will go partly towards compensating on prices. Late last week, & early this week saw the AUD/USD strengthen to the high $0.74.97 mark. This made Australian wheat exports less competitive. Coupled with out appreciating

AgVantage Commodities Market Report 10/11/2016

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Just when we though that the weather had thrown in everything bar the kitchen sink in 2016, we wake up to find the kitchen sink has arrived as well with the news of Donald Trump as president of the United States. Global financial markets have responded with volatility on the back of Trumps campaign rhetoric

AgVantage Commodities Market Report 4/11/2016

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Harvest seems to be coming in ever so slowly with faba beans barley, & some wheat delivered this week. It seems that the faba bean wows we have been warning about have come true, with many growers not being able to make number two quality due to seasonal weather effects. We would expect that if

AgVantage Commodities Market Report 28/10/2016

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It seems waiting for harvest is like watching the kettle boil this season. On the back of a very wet & cool winter & spring, harvest has been delayed beyond the traditional period, leaving many anxious to get in & get the crop off. Whilst when the crop is ready is largely out of our

AgVantage Commodities Market Report 25/10/2016

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Whilst the world is still awash with grain, we have seen a steady rally over the past fortnight on the back of short covering from funds – why?. Investment funds have been selling off wheat due to burdensome global supplies of grain. Short covering is when these sellers buy back their contracts to close out