Australia Agribusiness Monthly September 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.
Summary
- Grains & Oilseeds: We revise down our global wheat price forecast, and Australian prices for 2017/18 will rely on local basis as the AUD/USD stays high.
- Dairy: Murray Goulburn confirms its AUD 5.20/kgMS payout for current season –but further step-ups now unlikely.
- Beef: Prices are expected to fall a little further, but are now entering a range that should be more acceptable for all.