Internet Banking

Farming publications

ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Beef, Sheep & lambs, Commodities, Weather

Summary of key issues:

  • During the past week much of Australia recorded little to no rainfall.
  • Parts of Western Australia have recorded day-time temperatures over 30 degrees Celsius this week, with some regions recording day-time temperatures 10 degrees above average for this time of year.
  • The Pacific Ocean has shown some renewed signs of El Niño development.
  • The rainfall forecast for the next eight days indicates that falls in excess 25 millimetres are likely for much of eastern Australia.
  • Water storage levels in the Murray–Darling Basin increased by 167 gigalitres (GL) this week and are at 66 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$290 a tonne in the week ending 12 August 2014.
  • The Australian grain sorghum indicator price (Sydney) was $321 a tonne in the week ending 13 August 2014.
  • The Queensland young cattle indictor price (330–400 kg live weight C3) averaged 347 cents a kilogram in the week ending 8 August 2014.
  • The saleyard indicator price of lamb (18–22kg fat score 2–4) fell in most states in the week ending 8 August 2014.

Source: www.daff.gov.au/abares

 

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 Limited 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 Limited ABN 74 083 938 416 AFSL 238042.