Month: December 2019

XE Market Analysis: North America – Dec 31, 2019

The dollar posted fresh lows against the euro and, more especially, the yen and other Asian currencies, and the dollar bloc units, which rallied following above-forecast manufacturing PMI data out of China. USD-JPY fell to an 18-day low at 108.62. The Singapore dollar printed an eight-month high versus the dollar, and the Malaysia Ringgit a… Read more »

XE Market Analysis: Europe – Dec 31, 2019

The yen, other Asian currencies, and dollar block units have rallied following above-forecast manufacturing PMI data out of China. USD-JPY fell to an 18-day low at 108.62. The Singapore dollar printed an eight-month high versus the dollar, and the Malaysia Ringgit a six-and-a-half-year high. AUD-USD posted a fresh one-month peak at 0.7012, in what is… Read more »

XE Market Analysis: Asia – Dec 30, 2019

The Dollar headed lower on the second to last trading day of the year (and decade), with ultra-thin liquidity conditions exacerbating FX moves. Incoming data was generally better than expectations, though did little to support the USD. Wall Street fell on year-end profit takings, while Treasury yields moved higher. EUR-USD rallied to 1.1224 from opening… Read more »

XE Market Analysis: North America – Dec 30, 2019

The dollar has continued to trade softer in thin markets. The narrow trade-weighted USD index (DXY) ebbed to a 17-day low at 96.73 ahead of the European open, since steadying a little above here. The index has racked up a near 1% loss over the last week, which has come as global stock markets rallied… Read more »

XE Market Analysis: Europe – Dec 30, 2019

The dollar has continued to trade softer in thin markets. The narrow trade-weighted USD index (DXY) ebbed to a 17-day low at 96.73. The index has racked up a near 1% loss over the last week, which has come as global stock markets rallied to fresh major-trend highs, or record highs in the case of… Read more »

Drastic changes to rainfall are reshaping WA's vast wheatbelt

In WA’s south-west corner, where average winter rainfall has dropped by up to 20 per cent since the 1970s, researchers say changes to rainfall patterns are among the most noticeable in the world. Source: ABC Grain Drastic changes to rainfall are reshaping WA’s vast wheatbelt

XE Market Analysis: Asia – Dec 27, 2019

The Dollar was softer to end the week, though trade was thin at the height of year-end conditions. Most trader’s books have been closed for the year, leaving thin and nervous conditions. There was no data to drive markets today, though Wall Street move to fresh all-time highs, and Treasury yields were a touch lower…. Read more »

XE Market Analysis: North America – Dec 27, 2019

The dollar has declined against a backdrop of coursing risk-on sentiment in global equity markets with investors anticipating the U.S.-China phase-1 trade deal to be signed-off on soon, which will come amid a world of expansive monetary policy and benign inflation. In forex markets, the narrow trade-weighted USD index (DXY) dropped nearly 0.5% to an… Read more »

XE Market Analysis: Europe – Dec 27, 2019

The dollar has declined against a backdrop of coursing risk-on sentiment in global equity markets. The three major U.S. equity indices closed at record highs on Wall Street yesterday, and the MSCI Asia-Pacific has hit18-month highs today. The MSCI’s all-country world index is up 24% on the year, which is its best annual performance since… Read more »

XE Market Analysis: Asia – Dec 24, 2019

The FX market was virtually closed on Tuesday in N.Y., with traders sitting on their hands into the early close for many, and ahead of Christmas on Wednesday. The only data release was the December Richmond Fed index, which fell to -5 from -1, but had little market impact. EUR-USD ranged between 1.1078 and 1.1090,… Read more »

XE Market Analysis: North America – Dec 24, 2019

The main currencies are in a holiday-mode stasis now, which will likely remain the case through to January 2. Tokyo is the only main forex centre that will be open tomorrow. The Fed calculated broad inflation-adjusted trade-weighted measure of the dollar shows the currency to have put in a relatively narrow range this year. This… Read more »

XE Market Analysis: Europe – Dec 24, 2019

The main currencies are in a holiday-mode stasis now, which will likely remain the case through to January 2. Tokyo is the only main forex centre that will be open tomorrow. The Fed calculated broad inflation-adjusted trade-weighted measure of the dollar shows the currency to have put in a relatively narrow range this year. This… Read more »

Adelaide Hills loses a third of the region's vineyards

A fast-moving fire in the Adelaide Hills destroys around a third of the region’s vineyards as well as orchards and livestock. Source: ABC Livestock Adelaide Hills loses a third of the region’s vineyards

XE Market Analysis: Asia – Dec 23, 2019

FX trade slowed to a crawl in N.Y. on Monday, with activity declining quickly into the Christmas break. The Greenback was a bit lower overall through the morning session following weak durables and softer new home sales data, though major Dollar pairings traded inside of narrow ranges. EUR-USD managed at 1.1-70 to 1.1096 band, while… Read more »

XE Market Analysis: Europe – Dec 23, 2019

The Australians and New Zealand dollars have edged higher in quiet, low volume trading. Both AUD-USD and NZD-USD printed a 10-day highs, at 0.6914 and 0.6614, respectively. Both pairings look set to enter 2020 near their recent five- and four-month highs. Anticipation of the U.S.-China trade deal and recent data showing a steadying in global… Read more »

Massive fire affects farmers near Sydney

Farmers in the Blue Mountains struggle to deal with the impacts of fires on the weekend. Source: ABC Livestock Massive fire affects farmers near Sydney

Christmas cheer hard to come by as farming income dries up

The Jenyns family is one of many Australian families ‘slipping through the cracks’, ineligible for drought assistance and unable to find off-farm work. Source: ABC Livestock Christmas cheer hard to come by as farming income dries up

Corn exports boom out of WA's Ord Valley, as drought in east states hampers production

While growers in Western Australia’s southern grain-growing regions fell well short of reaching last year’s record-breaking harvest, up in the state’s north the thriving maize industry hit new heights in 2019. Source: ABC Grain Corn exports boom out of WA’s Ord Valley, as drought in east states hampers production

Farmers warn food prices will rise after months without rain

Queensland farmers are warning consumers they will need to pay more for fresh fruit and vegetables, as well as meat, due to the ongoing drought. Source: ABC Livestock Farmers warn food prices will rise after months without rain

XE Market Analysis: Asia – Dec 20, 2019

The DXY rose to two-week highs of 97.73 in N.Y. trade on Friday. The reaffirmation of Q3 GDP, along with firmer earnings and consumption figures supported the USD. Wall Street rose to fresh record highs, while Treasury yields were little changed in holiday-mode trade. EUR-USD dipped to eight-session lows under 1.1070, after opening near 1.1100…. Read more »

XE Market Analysis: North America – Dec 20, 2019

The dollar has continued in directionally mixed trading, gaining versus the euro and New Zealand dollar, which has underperformed amid position trimming in thin markets ahead of the Christmas and new-year holiday period, while holding flat against the yen, and losing ground to the Canadian and Australian dollars, and, to a lesser extent, the pound,… Read more »

XE Market Analysis: Europe – Dec 20, 2019

Narrow ranges have continued to be the norm as markets wind down into the Christmas and new year holiday period. EUR-USD has mustered less than a 10-pip range so far today, holding in the lower 1.1100s in what is now the seventh consecutive trading day the pair has been trading on a 1.11 handle. USD-JPY… Read more »

Christmas greetings and thanks for your support in 2019

THE  Beef Central, Grain Central and Sheep Central teams will be taking a short publishing break over the Christmas/New Year period. Source: Beef Central Christmas greetings and thanks for your support in 2019

Christmas greetings and thanks for your support in 2019

THE Grain Central, Beef Central and Sheep Central teams will be taking a short publishing break over the Christmas/New Year period. Source: Sheep Central Christmas greetings and thanks for your support in 2019

Drought-affected farmers urged to apply for pest and weed grants

DROUGHT-AFFECTED Australian farmers can apply to access $10 million in federal pest and weed control grants in the second round of a federal government program. Source: Sheep Central Drought-affected farmers urged to apply for pest and weed grants

Former contractor offers exclusion fencers some handy tips

A VETERAN fencing contractor says the return of netting fencing is revitalising production options in inland areas, but warns in some cases poor construction and inadequate maintenance standards may be limiting the potential benefits. Source: Sheep Central Former contractor offers exclusion fencers some handy tips

Strong finish to Australian wool market for 2019

AUSTRALIA’S auction wool market finished strongly this week after trade tensions between China and the United States eased and there was more clarity around Brexit with the United Kingdom election… Source: Sheep Central Strong finish to Australian wool market for 2019

Seasonal climate outlook January-March 2020

THE rainfall outlook for January to March 2020 indicates most of the country will have roughly equal chances of a wetter or drier than average three months. Source: Sheep Central Seasonal climate outlook January-March 2020

This Hand says don’t give consumers reasons not to buy wool

GIVING consumers a reason not to buy wool, despite the fibre’s positives, only succeeds in reducing global wool consumption, especially from Australia, according to Australian exporter leader Matt Hand. Source: Sheep Central This Hand says don’t give consumers reasons not to buy wool

Could wearable robots make sheep shearing easier?

WEARABLE robotics could be a solution to easing the back-breaking labour of shearing Australia’s sheep flock. Source: Sheep Central Could wearable robots make sheep shearing easier?

Website IT glitches resolved

We’ve experienced some glitches on the Beef Central website this week, but the problem is now resolved. As we enter our holiday closure period, we wish readers a safe and happy Christmas and New Year. Source: Beef Central Website IT glitches resolved

Recruitment: Carving a new path for butchery apprentices

Click here to view latest listings on Jobs Central. New listings will continue to be added during the next two-week holiday period, until we return to work on Monday, 13 January Source: Beef Central Recruitment: Carving a new path for butchery apprentices

Numbers fall away on last AuctionsPlus sales of the year

Today’s last sale AuctionsPlus sales for the year saw numbers drop significantly as everyone prepares for the Christmas and New Year period. This week cattle listings totalled 3251 head, with strongest purchasing activity from the Riverina, NSW and the Lower South East of South Australia. Source: Beef Central Numbers fall away on last AuctionsPlus… Read more »

Feedgrain Focus: Wash-outs overheat sorghum market

Decision time came this week for many with forward positions in sorghum as Christmas shutdowns ganged up with the poor weather outlook to trigger a spike in March/April sorghum trades, and wheat and barley firmed. Source: Beef Central Feedgrain Focus: Wash-outs overheat sorghum market

NSW Police investigate multi-million dollar cattle fraud 

Earlier this week NSW police seized equipment and documents and inpected more than 400 Angus cows and calves at a property near Wagga Wagga as part of an investigation into the alleged fraudulent sale and trading of cattle. Source: Beef Central NSW Police investigate multi-million dollar cattle fraud 

Merry Christmas and happy New Year from the Grain Central team

The Grain Central, Beef Central and Sheep Central teams will be taking a short publishing break over the Christmas/New Year period. Important news content will continue to be posted to the websites over coming weeks, and our daily news emails will return on Tuesday, January 14, 2020. Source: Grain Central Merry Christmas and happy… Read more »

XE Market Analysis: Asia – Dec 19, 2019

Another quiet pre-holiday FX session in N.Y. on Thursday, leaving major Dollar pairings range bound. Incoming U.S. data was on the soft side, leaving the Philly Fed index, jobless claims, and existing home sales missing consensus forecasts, though the FX market only lightly sold the Dollar off on the results. Wall Street turned a blind… Read more »

XE Market Analysis: North America – Dec 19, 2019

The dollar drifted moderately lower in quiet trading. EUR-USD lifted out of the one-week low seen yesterday at 1.1110, but remains mired in narrow ranges in what is now the sixth consecutive session trading on a 1.11 handle. USD-JPY also continued to ply narrow ranges, though the pair still managed to scratch out a six-day… Read more »

Seasonal climate outlook Jan-Mar 2020

The rainfall outlook for January to March 2020 indicates most of the country will have roughly equal chances of a wetter or drier than average three months. Source: Beef Central Seasonal climate outlook Jan-Mar 2020

XE Market Analysis: Europe – Dec 19, 2019

The dollar has traded moderately softer in thinning year-end markets. This has seen the narrow trade-weighted USD index (DXY) ebb to a low of 97.30, down from the one-week high seen yesterday at 97.47. A rebound in Cable has weighed on the U.S. currency, with sterling finding a footing after plunging by nearly 3.5% from… Read more »

What sets the top 20pc of profit performers apart? RCS examines the year’s performance

Minimising the potential downsides to risk exposure, and taking opportunities when they arise were two distinguishing features which set the top 20pc of performers apart from the pack in RCS’s latest ProfitProbe farming business performance analysis released this week. Source: Beef Central What sets the top 20pc of profit performers apart? RCS examines the… Read more »

Applications open for funding to combat feral animals and weeds

Applications for $10 million dollars in pest and weed funding open today, with 183 councils eligible to apply for project funding in the latest round. Source: Beef Central Applications open for funding to combat feral animals and weeds

Australia’s best MSA feedlots awarded

Five feedlots across Australia have been awarded for consistently producing cattle that achieve outstanding compliance rates to Meat Standards Australia (MSA) specifications. Source: Beef Central Australia’s best MSA feedlots awarded

Common mistakes limiting value of exclusion fences: veteran contractor

A veteran fencing contractor says the return of netting fencing is revitalising production options in inland areas, but warns that in some cases poor construction and inadequate maintenance standards may be limiting the potential benefits. Source: Beef Central Common mistakes limiting value of exclusion fences: veteran contractor

Spurway heads GrainCorp

GrainCorp has appointed Robert Spurway to take up the role of managing director and chief executive officer after completion of the planned demerger of the company’s malt business early next year. Source: Grain Central Spurway heads GrainCorp

Be alert for blue-green algae in farm water supplies over summer

Current seasonal conditions across much of eastern Australia remain favourable for blue-green algae to thrive in farm water supplies over summer, and livestock owners are reminded that the need to remain alert, as blue-green algae c an result in poisoning of livestock. Source: Beef Central Be alert for blue-green algae in farm water supplies… Read more »

XE Market Analysis: Asia – Dec 18, 2019

FX trade was very quiet in N.Y. on Wednesday, though the DXY managed a one-week high of 97.47 early in the session. There was no data to drive the market, though firmer Treasury yields provided some support to the USD. EUR-USD ranged between 1.1111 and 1.1134, closing out the day near its lows. USD-JPY drifted… Read more »

XE Market Analysis: North America – Dec 18, 2019

The dollar has traded moderately firmer against most currencies, which lifted the narrow trade-weighted USD index (DXY) to a six-day high at 97.36. This extends the rebound in the USD index from the five-and-a-half-month low that was seen last Thursday, at 96.59. A 3% decline in Cable from the post-UK election high has been the… Read more »

XE Market Analysis: Europe – Dec 18, 2019

Sterling posted fresh correction lows against the dollar and euro, among other currencies. Cable printed a six-day low at 1.3072, and EUR-GBP a two-week high at 0.8517. This follows UK prime minister Johnson’s revival of the no-deal Brexit threat yesterday, by pledging to modify the EU withdrawal agreement so that it legislates against any extension… Read more »

Dalby sale 18 Dec 2019: Quality back in final sale of year

Most classes of yearling steers averaged close to the previous week’s level, while yearling heifers to feed and the trade experienced only quality related price changes. Source: Beef Central Dalby sale 18 Dec 2019: Quality back in final sale of year

Timing of carcase grading can impact dark cutting results, study shows

Increasing the time between slaughter and carcase grading to more than 20 hours can reduce the incidence of dark cutting and boost MSA compliance in grainfed cattle, a recent study has shown. This was one of the key findings from research which evaluated the effect of production, climate, animal, lairage and processing factors on dark… Read more »

Pre-Christmas mutton price correction might be short-lived

MUTTON prices crashed in Australian saleyards this week amid reports of a pullback in demand by major market China and processors with ample pre-Christmas supplies ceasing buying in anticipation of a price correction and import order renegotiations. Source: Sheep Central Pre-Christmas mutton price correction might be short-lived

National electronic ID system for all species under consideration

Proposals to implement and fund the electronic identification of all livestock across Australia, including sheep and goats, as well as cattle, are being considered by peak bodies and state farming organisations. Source: Beef Central National electronic ID system for all species under consideration

ABARES analyses effects of drought and climate variability on Australian farms

An observed shift to hotter and drier conditions over the period 2000 to 2019, relative to the period 1950 to 1999, has had a negative effect on the profits of Australian cropping and livestock farms, according to ABARES’ latest Insights report. Source: Beef Central ABARES analyses effects of drought and climate variability on Australian… Read more »

Weekly rainfall wrap + rain outlook, 18 Dec 2019

Thunderstorms developed across northern Australia, generating moderate falls, while severe thunderstorms produced locally heavy falls in southeast Queensland and northeastern New South Wales. Source: Beef Central Weekly rainfall wrap + rain outlook, 18 Dec 2019

Weekly rainfall wrap + rain outlook, 18 December 2019

THUNDERSTORMS developed across northern Australia, generating moderate falls, while severe thunderstorms produced locally heavy falls in south-east Queensland and north-eastern New South Wales. Source: Sheep Central Weekly rainfall wrap + rain outlook, 18 December 2019

Heatwave warnings go out for people and livestock

AUSTRALIA’S Bureau of Meteorology is reminding communities to remain alert to risks posed by heatwaves, as a week of extreme temperatures starts to impact large parts of south-eastern Australia. Source: Sheep Central Heatwave warnings go out for people and livestock

Higher temperatures, lower rainfall cut cropping profits 35pc: ABARES

A shift to hotter and drier conditions over the period 2000 to 2019, relative to the period 1950 to 1999, has had a negative effect on the profits of Australian cropping and livestock farms, according to ABARES. Source: Grain Central Higher temperatures, lower rainfall cut cropping profits 35pc: ABARES

Live export Inspector-General report due in early 2020

INSPECTOR-GENERAL of Live Animal Exports Ross Carter’s review of livestock monitoring and reporting during voyages is expected to be completed early next year. Source: Sheep Central Live export Inspector-General report due in early 2020

Vegans Rising group loses charity status

The national charity regulator has revoked the charity registration of a vegan group whose protest shut down Melbourne’s CBD in April. Source: Beef Central Vegans Rising group loses charity status

SunRice posts half-year $543M revenue, $12.5M NPAT

The SunRice Group generated revenue of $543 million for the FY2020 half-year and Net Profit After Tax (NPAT) of $12.5 million, down 6.8 per cent and 10.2 per cent respectively on the previous corresponding period. Source: Grain Central SunRice posts half-year 3M revenue, .5M NPAT

National sheep and livestock EID system under consideration

PROPOSALS to implement and fund the electronic identification of all livestock across Australia, including sheep and goats, are being considered by peak bodies and state farming organisations. Source: Sheep Central National sheep and livestock EID system under consideration

XE Market Analysis: Asia – Dec 17, 2019

The Dollar had been on the decline through the London morning session, though perked up after the N.Y. open on the back of better than expected U.S. data. Both housing starts and industrial production beat forecasts, allowing the Greenback to head higher. The DXY recovered from 947.03 lows, later topping at 97.24. Trade overall was… Read more »

XE Market Analysis: Europe – Dec 17, 2019

The pound is down 0.5% on the day against both the dollar and euro, and is off by 0.4% versus the yen. The catalyst was news that UK prime minister Johnson will amend the withdrawal agreement bill to outlaw an extension in the transition period beyond the end of 2020. This is something of a… Read more »

Funding for small exporter program extended

An assistance program for small exporters, which can help farmers and small agribusinesses to tap into overseas markets, has been extended for another four years.  Source: Beef Central Funding for small exporter program extended

New risk management tool for cattle producers

Livestock producers will have an additional tool with which to manage the biosecurity or food safety risk that can come with buying and selling animals. Source: Beef Central New risk management tool for cattle producers

Clarity for bushfire clearing in Queensland

Landholders in Queensland which is currently experiencing extreme fire danger conditions will no longer need a development approval from the local Council when clearing vegetation to create necessary firebreaks and necessary fire management lines on their property, as Brisbane based legal firm McCullough Robertson explains in this contributed article. Source: Beef Central Clarity for… Read more »

Agribusiness: $60m raised for AAM’s Diversified Agriculture Fund

Agriculture investor AAM Investment Group expects to make property acquisitions in beef, lamb and poultry sectors, having raised more than $60 million in its initial subscription offer to invest in the company’s AAM Diversified Agriculture Fund. Source: Beef Central Agribusiness: m raised for AAM’s Diversified Agriculture Fund

Recruitment: Engaging with ‘passive candidates’ over Christmas-New Year

Where once recruiting dropped away over the festive season, candidates are nowadays checking job boards, websites, emails, notifications, Twitter and Facebook friends for jobs, seven days a week, 52 weeks a year. Source: Grain Central Recruitment: Engaging with ‘passive candidates’ over Christmas-New Year

XE Market Analysis: Asia – Dec 16, 2019

The Dollar firmed up some in N.Y. trade on Monday, taking the DXY from 96.94 lows to a 97.11 peak. Holiday mode appears to be upon us, as narrow trading ranges were generally the rule. Decent incoming PMIs and housing builder index helped USD sentiment. Wall Street posted new record highs, while Treasury yields heading… Read more »

XE Market Analysis: North America – Dec 16, 2019

The dollar and yen traded with softening biases against most other currencies, though all the main dollar pairings and associated crosses rates held within Friday ranges, with exceptions of USD-CAD and CAD-CHF, the former of which hit a fresh six-week low in what is now the pair’s four consecutive down week. A fractionally weaker than… Read more »

XE Market Analysis: Europe – Dec 16, 2019

The dollar majors have been seeing typically narrow early-week ranges in quite year-end-approaching conditions. The narrow trade-weighted USD index (DXY), at 96.97, was showing a 0.2% decline heading into the London interbank open, correcting about half the gain seen on Friday. The index has been trending lower over the last two weeks, producing a five-and-a-half-month… Read more »

Is there a future for traditional agricultural colleges?

THE model of residential-based agricultural education, which was the preferred training option for budding young farmers for much of the 20th century, is under threat across Australia. Source: Sheep Central Is there a future for traditional agricultural colleges?

Australian lamb exports set to reach new peak

LAMB export volumes from Australia are expected to reach an historical peak this year, buoyed by increased demand from China. Source: Sheep Central Australian lamb exports set to reach new peak

Tasmanian farmer says power prices to blame for missing finger

Tasmanian farmers say power prices in the state leave them little choice but to water at night, leading to dangerous working conditions. Source: ABC Grain Tasmanian farmer says power prices to blame for missing finger

African swine fever warning for Indonesian travellers

Minister for Agriculture Bridget McKenzie appeals to returning travellers from Bali and elsewhere in Indonesia to be extra diligent about declaring what they’re bringing back in, and to clean shoes and any other outdoor equipment. Source: Beef Central African swine fever warning for Indonesian travellers

Cattle saleyard throughput state-by-state 2018-19

Meat & Livestock Australia has released the results of its annual saleyard survey, which identifies the total number of cattle consigned to saleyards in each State for the past financial year. Source: Beef Central Cattle saleyard throughput state-by-state 2018-19

SE Asia Report: Oversupply impacts prices | Brazilian beef hits Jakarta

Also in today’s November 2019 South East Asian beef market update: Filipino prices break through the AUD$5 mark and slaughter cattle push over $7 per kg live weight in Shanghai. Source: Beef Central SE Asia Report: Oversupply impacts prices | Brazilian beef hits Jakarta

Aussie tourist jail warning as African Swine Fever hits Indonesia

INDONESIA has confirmed it has detected African Swine Fever in North Sumatra, and is investigating pig deaths in some other provinces, as Australia steps up its biosecurity defences. Source: Sheep Central Aussie tourist jail warning as African Swine Fever hits Indonesia

Farm household boost ahead of Christmas

From today, more than a thousand farming families will start receiving a lump sum entitlement to help them meet household costs, as important improvements to the Farm Household Allowance (FHA) take effect. Source: Beef Central Farm household boost ahead of Christmas

$6.3 million Marnoo property sale highlights land value increase

SHEEP, lamb and grain prices have helped lift farm prices by up to 30 percent over the past three years in more secure rainfall areas of Victoria’s cropping and livestock farming areas. Source: Sheep Central .3 million Marnoo property sale highlights land value increase

Broadacre salaries feel the impact of drought

The eastern Australia drought is having an impact on salary levels in the broadacre farming sector, according to analysis by recruitment service, Agricultural Appointments. Source: Grain Central Broadacre salaries feel the impact of drought

Week of severe heat ahead: BOM

A week of extreme temperatures is set to impact large parts of south-eastern Australia, according to the Bureau of Meteorology.  Source: Beef Central Week of severe heat ahead: BOM

Travellers to Indonesia warned not to bring back thongs or pork products

Indonesia has become the latest country to confirm an outbreak of the deadly pig disease, African swine fever, that has wiped out more than a quarter of the world’s pig population. Source: ABC Livestock Travellers to Indonesia warned not to bring back thongs or pork products

CBH announces FY19 trading loss of $119.3M

A collapse in barley values and adverse price movements for wheat fed into a trading loss of $119.3M for Western Australia’s CBH Group in the year to September. Source: Grain Central CBH announces FY19 trading loss of 9.3M