Fact of the Day – Forty years ago, Apollo 14 astronauts Alan Shepard and Edgar Mitchell took an entirely different kind of “giant leap for mankind,” playing sports on the lunar surface. Shepard famously hit golf balls with a modified six-iron, and Mitchell threw a javelin.

Planting has been the word of the week, growers are looking to take advantage of recent moisture around the area, as well as what’s forecasted for the remainder of the month. For some on the Liverpool Plains, they have received quite the abundance of the rain in recent months, this gives them a considerable cushion to get seed in the ground and hold on through what is predicted to be another dry winter. Further north around the Narrabri and Moree area, planting continues, though there needs to be a considerable amount of rain fall to build on the scattered showers from the last few weeks. Stateside, the winter crop looks to be underway with growth starting to head, but still not promising looking back over recent seasons. How their spring eventuates is critical to the development of their planted hectares and if some positive news can come from their already lacklustre 2018.

Chickpeas have had some movement this week, though this is purely on the back of our dollar taking a hit due to the top dogs playing hard ball. Demand is still low across the globe, especially now during Ramadan. Though with a slight drop in the AUD, we have seen bids eventuate, it isn’t exciting news, but at least there is some activity in the market. How the next few months play out it is hard to say, though with current intel, it looks like a slow boat ride in to 2020.

Chickpea #1 Market

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Darling Downs (Delivered)

$640

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Goondiwindi Warehousing

$620

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$645

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Bengalala Warehousing

$620

$660

Cotton has taken more than a tumble this week, predominantly at the twittering thumbs of President Trump. The two super powers have gone back and forward over the last week throwing higher tariffs round like a frisbee, and looking back, there has been no real change from where this stood at the end of 2018. Regardless of the two leaders seeing who can beat their chest more, they still have let the world know both sides plan to reach an agreement, and this looks to continue with their talks this week in Osaka, and the G20 summit next month. Politics and trade aside, 2019 bale prices at home have still dropped by $60/bale in the last fortnight. Timing could have been worse, luckily majority of growers have already contracted their balance, but it is still a worrying sign if this war continues. Bale prices have reflected cotton falling off a cliff for both current and seasons ahead. 2019 $5702020 $560 and 2021 $510 (at time of writing).

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