Australia Agribusiness Monthly May 2017
This monthly update provides a market outlook for grains & oilseeds, dairy and other key commodities, and gives an overview of what developments to watch in the weeks to come.
Report highlights
- CBOT wheat is now likely to remain below 500 USc/bu through Q2 2018. But factors closer to home are starting to help Australian wheat into firmer territory.
- Dairy market conditions continue to point to a better season ahead in 2017/18 across Southern Australia.
- More positive signals from global markets may sustain beef prices into winter.