Key highlights
- Wheat – Global
wheat prices not immune to large production setbacks despite
stocks building to 198 million tonnes
- Beef –
Follow up rain and demand from the US will drive prices in
coming months
- Dairy – Dry
conditions in New Zealand have been the main catalyst for the
recent improvement in prices however, a major recovery in
global commodity markets is still a few months away
- FX –
Further forecast falls in the AUD/USD reflecting weak economic
fundamentals, ongoing signs of slower economic growth in
China, potential fore more interest rate cuts
- Sheepmeat -
Sheep prices are expected to remain steady through March with
rainfall in early 2015 supporting better quality lambs and
strength in the US and Middle East markets
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