AgVantage Commodities Market Report 21/09/2017

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Fact of the Day – Soybeans are an important ingredient for the production of crayons. In fact, one acre of soybeans can produce roughly 82,368 crayons. With the weekend ahead forecasting above average temperatures of around 40 degrees in North Western New South Wales, it is quite difficult for many to find a silver lining for the

AgVantage Commodities Market Report 14/09/2017

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Fact of the Day – Livestock farming feeds billions and employs over 1.3 billion people. That means about 1 in 5 people on Earth work in some aspect of the livestock farming. As we hit the middle of September, spring is starting to show what’s in store for the coming months. Although there is still low temperatures

AgVantage Commodities Market Report 7/09/2017

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Fact of the Day – If all of the Cotton produced annually in the U.S. was used to make one product, such as blue jeans, it would be enough to produce around 5 billion pairs. With September bringing forth a cool start to Spring, we are still yet to see any changes on the horizon

AgVantage Commodities Market Report 17/08/2017

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Fact of the Day – The number of tractors on farms exceeds the number of horses and mules for the first time on this day in 1954. Interesting how now sixty odd years later we are on the brink of automated tractors and we can watch the technological advancements before our eyes throughout the agricultural industry.

AgVantage Commodities Market Report 10/08/2017

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The first week of August brought forward some welcome rain across Northern New South Wales (NNSW). With the Narrabri area receiving a comforting 20mm and a little less west of town there is still a large urgency for more as a the most recent fall will not be as beneficial without more of a follow

AgVantage Commodities Market Report 3/08/2017

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The wheat market has been largely influenced by dry weather conditions in Europe, Canada, North America and Australia. However, we must keep this in perspective that globally, wheat stocks are still comfortable, and it’s been Minneapolis Spring wheat that has led the charge in wheat prices, coupled with a hot and largely dry summer in

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