From our sponsors: Bendigo Bank Agribusiness October Insights

Spring has now well and truly sprung with cropping and livestock markets continuing to diverge. Winter crop harvest is drawing closer, with October rainfall across Victoria and South Australia key to determining final yield estimates.

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Meanwhile, Australian beef prices maintained their positive run through September, thanks to strong processor and export demand.

From a livestock perspective, the favourable rainfall outlook across the east coast is also expected to drive robust restocker demand for both cattle and sheep. Aussie wool prices have also continued to strengthen on the back of reduced supply and improved purchasing out of China.

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Cattle 

Cattle prices were relatively steady during September on the back of strong export demand and firm processor throughput. How seasonal conditions evolve throughout October remains a key watchpoint for southern producers. READ MORE

Cropping

Australian grain markets have been under sustained downward pressure since April, with prices declining across all states into spring, while from a yield perspective, October rainfall in Victoria and South Australia will determine if Australia unlocks its full potential. READ MORE

Sheep

Lamb prices have moved lower in September but are still managing to hold at historically high levels. Seasonal conditions will be the big watchpoint over the next few weeks to see if restocking activity ramps up. READ MORE

Wool

The Australian wool market continued its strong start to the season, having increased for 11 consecutive selling weeks. Low inventory in Chinese mills is helping to fuel demand as they aim to operate at full capacity. READ MORE

Climate and carbon

Australia's new climate targets have been released mapping out how Australia will transition to net zero greenhouse gas emissions by 2050. An Agriculture and Land sector plan has also been released which identifies the key emission targets for the ag sector and the pathway for how these will be achieved. READ MORE