- Rainfall deficiencies over the past 9 months (October 2012 to June 2013) are inflicting challenging conditions on farmers in Victoria’s southwest region.
- Rainfall of between 1 and 5 millimetres this week across northern and central regions of the Western Australian wheatbelt has provided little benefit for moisture stressed crops.
- Rainfall in excess of 15 millimetres is forecast across most grain-growing regions of south-eastern Australia during the coming 8 days.
- The world wheat indicator price (US No. 2 hard red winter, free on board Gulf ports) averaged US$305 a tonne in the week ending 9 July 2013, compared with US$303 in the previous week.
- The world canola indicator price (Rapeseed, Europe, free on board Hamburg) averaged US$542 a tonne in the week ending 9 July 2013, compared with US$573 a tonne in the previous week.
- The Queensland young cattle indicator price (330–400 kg live-weight C3) increased by 2 per cent in the week ending 5 July 2013 to average 311 cents a kilogram.
ABARES Weekly Australian Climate, Water and Agricultural Update