Internet Banking

Farming publications

ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

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

Summary of key issues:

  • During the week ending 13 May 2015 rainfall was mainly recorded across the far south of the continent.
  • During the week ending 20 May 2015 rainfall was mainly recorded across southern Australia and isolated areas of coastal and inland Queensland.
  • Maximum and minimum temperatures were predominantly average over much of Australia during the week ending 19 May 2015.
  • The forecast for the next eight days indicates that rainfall is likely across much of Western Australia, coastal Northern Territory, parts of coastal and southern Queensland and much of south eastern Australia.
  • Water storage levels in the Murray–Darling Basin (MDB) increased this week by 61 gigalitres (GL) and are at 39 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$237 a tonne in the week ending 19 May 2015.
  • The Australian grain sorghum indicator price (Sydney) was $328 a tonne in the week ending 20 May 2015.
  • The Queensland young cattle indicator price (330–400 kg live weight C3) averaged 429 cents a kilogram (dressed weight) in the week ending 15 May 2015.
  • Changes to the saleyard indicator prices of lamb (18–22kg fat score 2–4) were mixed across the states in the week ending 15 May 2015.

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.