Australia Agribusiness Monthly June 2018
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.
Highlights
Grains & Oilseeds – Late May rains in Western Australia, just prior to our winter cropping forecast release, bumped our early expectations for this year’s Australian wheat harvest to 22.9m tonnes.
Dairy – Milk pricing in the 2018/19 season is shaping up reasonably well following opening milk price announcements.
Beef – Young cattle and cow prices continue to ease with dry conditions