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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Commodities, Cropping, Weather, Sheep & lambs

Summary of key issues:

  • During the week ending 18 January 2017, rainfall was recorded across all states and territories.
  • Maximum and minimum temperatures were between 2°C and 8°C above average across much of south-eastern Australia for the week ending 17 January 2017.
  • Water storage levels in the Murray–Darling Basin (MDB) decreased by 372 gigalitres (GL) during the week ending 19 January 2017.
  • The wool Eastern Market Indicator increased by 67 cents to 1422 cents a kilogram (clean), its highest in 5 ½ years and 3 cents below its all-time high achieved in 2011.
  • Local grain and oilseed prices declined against a backdrop of expected record winter crop production.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) was 3 per cent higher than the previous week.



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.