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ABARES Weekly Australian Climate, Water and Agricultural Updates

ABARES Weekly Australian Climate, Water and Agricultural Updates

Categories: Weather, Commodities

Summary of key issues:

  • During the past week, a cold front brought isolated heavy rain and destructive winds to southern regions of Australia.
  • The rainfall forecast for the next eight days indicates that rainfall in excess of five millimetres will be restricted to southern, south-west and south-east regions of the country.
  • Water storage levels in the Murray–Darling Basin have increased by 147 gigalitres this week and are at 56 per cent of total capacity.
  • The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$317 a tonne in the week ending 24 June 2014.
  • The Australian grain sorghum indicator price (Sydney) was $325 a tonne in the week ending 25 June 2014, around 10 per cent higher than the previous week.
  • The Queensland young cattle indictor price (330 – 400 kg live weight C3) averaged 327 cents a kilogram in the week ending 20 June 2014.
  • Changes in the saleyard indicator price of lamb (18–22kg fat score 2–4) were mixed across the states in the week ending 20 June 2014, compared with 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 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