Summary of key issues
- Both day-time and night-time temperatures have been up to 6 degrees above average throughout most of the wheat-sheep zone in eastern Australia this week, following temperatures up to 10 degrees above average last week.
- Crops in western New South Wales, southern Queensland and the Mallee region in Victoria are reportedly showing signs of moisture stress as a result of the recent warm and dry conditions.
- Rainfall in excess of 15 millimetres is forecastfor the coming 8-day period across the wheat–sheep zones of New South Wales, Victoria and South Australia.
- Water storage levels in the Murray–Darling Basin have decreased by 6 gigalitres this week, but remain at 83 per cent of total capacity.
- The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$311 a tonne in the week ending 10 September 2013, compared with US$313 in the previous week.
- The world coarse grains indicator price (US No. 2 yellow corn, free on board Gulf ports) averaged US$214 a tonne for the week ending 11 September 2013, compared with US$229 a tonne in the previous week.
- According to Cotton Australia, the average yield for cotton lint in Australia in the 2012–13 season (August/July) was a world record of 2.267 tonnes a hectare, 14 per cent higher than in 2011–12.
- The Australian Eastern Market Indicator price for wool rose by around 6 per cent in the week ending 4 September 2013 to 1128 cents a kilogram clean. The total number of bales offered at auction was 5 per cent lower than the previous sale.