Industry News
Basis Commodities – Australian Hay Update – Thursday 20th April 2023
In this month’s report, we will examine the current state of the Australian oaten hay industry, including its production, export, and market trends. The industry has been an important part of the country’s agricultural sector, with oaten hay production and exports contributing significantly to the national economy. Production: According to the Australian Bureau of Agricultural and…
Read MoreBasis Commodities – Australian Crop Update – Week 13, 2023
2022/2023 Season (New Crop) – USD FOB NEW CROP PRICES ARE BASED ON TRACK BID/OFFER SPREAD PLUS ACCUMULATION & FOBBING COSTS AND ARE NOT FOB PRICE INDICATIONS. Australian Market Review The Australian Domestic market finished sharply lower at the end of last week as buyers pulled wheat, barley and canola bids lower in response to the sharp declines in global markets.…
Read MoreBasis Commodities – Australian Crop Update – Week 33 2022
Market Update The BOM (Australian Bureau of Meteorology) ENSO Outlook has been raised to La Niña ALERT. Historically, when La Niña ALERT criteria have been met, La Niña has subsequently developed around 70% of the time. La Niña events increase the chances of above-average rainfall for northern and eastern Australia during spring and summer. In…
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