Weekly Commodity Report

Wheat

$350/t (H2)

Gains in global wheat prices were moderated by a higher Australian dollar. A weaker northern hemisphere crop outlook has influenced global markets.
Source: Profarmer

Barley

$303/t (feed)

Growers in northern markets have been waiting to see how the winter crop prospects develop before committing to further feedgrain sales.
Source: Grain Central

Sorghum

$365/t

Sorghum exports have ramped up with Chinese buyers active again, and prices have risen in response. Growers have been willing sellers of sorghum.
Source: Grain Central

Cotton

$617.3/bale (Cotlook 'A' Index)

Cotton futures have held steady this week. Crude oil futures inched higher due to rising Middle East tensions, providing support for fibre markets.
Source: Nasdaq

Oilseeds

$718/t

Canola prices have been volatile in recent weeks, with Chinese tariffs against Canadian canola expected to come, sending futures markets lower.
Source: Ag Scientia

Pulses

$847/t

Chickpea markets have quietened down with most of the crop sold for bulk export to India. Early 2025-26 crop bids are $820/tonne, November delivery.
Source: Profarmer

Sugar

$678/t

World sugar futures rallied higher this week with ongoing dry and hot conditions in Brazil. Crop forecasts for Brazil have fallen in response.
Source: QSL

Cattle

646c/kg (EYCI)

Increased yardings given a dry outlook in regions weighed on prices. Public holidays and processor closures have tempered slaughter figures.
Source: MLA

Cows

271c/kg (lwt)

Increased supply and trader caution on US tariffs impacted prices despite record lean manufacturing import prices to US seen in the prior week.
Source: MLA, Beef Central

Lamb

771c/kg (NTLI cwt)

Higher numbers and variable quality saw lamb indicators decline, Merino lambs seeing the steepest drop. Light Lamb Indicator eased 30¢ to 697¢/kg cwt.
Source: Mercado

Wool

1,250c/kg (EMI)

Demand was maintained especially for Merino types >20 micron with gains of 15 to 20ac/clean kg. The EMI is up 125ac/clean kg (+11%) since July 1 2024.
Source: AWI

Weather

A dry week for much of NSW this week. Historically high sea surface temperatures are expected to maintain above-average temperatures in coming months.
Source: Bureau of Meteorology