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Nov 18, 2024 | 
theland.com.au | Paul Joules
Fertiliser prices are high in most regions across the globe. File pictureFertilisers represent a key expense for farmers and given Australia has a high reliance on imported fertiliser, global events which alter the supply and demand matrix can have a pronounced impact on domestic prices.
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Oct 8, 2024 | 
theland.com.au | Paul Joules
Market dynamics are altering which is providing support for US cotton futures. File pictureFrom late February this year, global cotton futures have been in a state of freefall, with Intercontinental Exchange number two cotton hitting a four-year low in mid-August.
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Aug 28, 2024 | 
theland.com.au | Paul Joules
The United States Department of Agriculture is forecasting global cotton production to strongly increase on last year. File pictureAn expected increase in global cotton supply in the 2024/25 season is weighing on prices for Australian producers, as export markets look to absorb large volumes from the US and Brazil.
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Aug 9, 2024 | 
research.rabobank.com | Paul Joules
The global supply outlook is expected to increase year-on-year, largely at the hands of production growth in Brazil and the US. The improving global supply picture is weighing on ICE #2 Cotton futures, in addition to Australian cash markets. The market expectation is that world stocks will rise next season, as demand growth is unlikely to fully absorb the additional global supplies.
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Aug 6, 2024 | 
research.rabobank.com | Paul Joules |Owen Wagner
Cotton prices have been in a state of decline in recent months, both internationally and domestically. Join Paul Joules and Owen Wagner as they discuss the key drivers behind recent price action and prospects for supply & demand going forward.
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Jul 31, 2024 | 
theland.com.au | Paul Joules
Rabobank suggest global cotton stocks will likely rise next year. For cotton farmers, recent activity on global markets has been disappointing.
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Jun 28, 2024 | 
research.rabobank.com | Carlos Mera |Michael Magdovitz |Paul Joules
The S&P GSCI Agriculture Index declined an astonishing 9.6% MOM, with steep losses across the grain and oilseed complex. Northern Hemisphere harvest pressure, US dollar strength (DXY +1.4% MOM), US-China trade war winds, and signs that Russian wheat yields may not be as bad as initially thought explain recent price action. However, risks still remain, especially since Black Sea rainfall continues to be patchy and La Niña waits around the corner. For softs, price action was mixed.
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Jun 20, 2024 | 
theland.com.au | Paul Joules
There's potential for volatility to reignite in some fertiliser markets. File picture. The sharp rise in container shipping rates and natural gas prices, alongside uncertainty regarding Chinese export restrictions, has the potential to reignite volatility for some fertiliser markets.
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May 24, 2024 | 
research.rabobank.com | Carlos Mera |Michael Magdovitz |Paul Joules
The S&P GSCI Agriculture Index increased 1.6% last month. Grain & oilseed prices found strong support as CBOT Wheat (+17%), Soybeans (+5.7%), and Corn (4.8%) all recorded month-on-month gains. Wheat futures are rallying off of dry Black Sea weather, which is curbing yield potential for the world’s cheapest suppliers. Meanwhile, production issues are also prominent for corn in Argentina, Ukraine, and the US (given acreage cuts).
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May 14, 2024 | 
research.rabobank.com | Carlos Mera |Michael Magdovitz |Paul Joules
Rabobank's price outlook based on the USDA's May WASDE.
Wheat – mildly bullish– global stocks seen falling to 9-year low, with Russian output down.
• US 2024/25 wheat production (1858m bu, +46m bu YOY) and ending stocks (766mbu, +78m bu YOY) both rose by slightly less than analyst expectations.
