Summary of key issues:
- Rainfall in excess of 15 millimetres fell in a broad north-west to south-east band across the continent during the past week.
- Long-term rainfall deficiencies have eased slightly across Queensland and New South Wales, but have intensified in parts of South Australia and Western Australia.
- Water storage levels in the Murray–Darling Basin have decreased by 24 gigalitres this week.
- The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$332 a tonne in the week ending 8 April 2014.
- The Australian grain sorghum indicator price (Sydney) declined by around 1 per cent in the week ending 9 April 2014 to $341 a tonne.
- The Queensland young cattle indicator price (330 – 400 kg live weight C3) increased by around 5 per cent in the week ending 4 April 2014.
- Changes to the sale yard prices of lamb were mixed in the week ending 4 April 2014.