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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Beef, Sheep & lambs, Cropping, Weather, Commodities

Summary of key issues:

  • During the week ending 11 February 2015 rainfall was recorded across northern and eastern Australia.
  • Rainfall deficiencies have decreased in extent and severity over south-eastern Queensland.
  • Longer term (28-month) rainfall deficiencies persist across central and southern Queensland and smaller areas in adjacent parts of New South Wales.
  • Relative upper layer soil moisture for January 2015 was predominantly above average to extremely high across much of eastern, northern and central Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased this week by 320 gigalitres (GL) and are at 47 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$255 a tonne in the week ending 10 February 2015.
  • The Australian grain sorghum indicator price (Sydney) was $306 a tonne in the week ending 11 February 2015, largely unchanged from the previous week.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 448 cents a kilogram (dressed weight) in the week ending 6 February 2015.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) were higher in all states in the week ending 6 February 2015.



Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879