XE Market Analysis: Asia – Jun 03, 2020

The DXY hit its lowest level since March 12, printing 97.19 lows, after peaking at 97.62 into the N.Y. open. It was another risk-on session, as incoming data, including the ADP jobs report and factory orders were ugly, but not as bad as had been expected. Wall Street rallied to three-month highs, while Treasury yields surged as well. The backdrop allowed more of the USD’s (and the JPY’s) safe-haven premium to unwind through the morning session. EUR-USD printed 1.1250 highs, up from 1.1184 into the open. USD-JPY topped at 108.99, up from near 108.50.

Source: XE news feed
XE Market Analysis: Asia – Jun 03, 2020

XE Market Analysis: North America – Jun 03, 2020

More of the same, with the dollar and yen weakening while commodity currencies lead the outperforming pack as stocks and oil prices, and other industrial commodities, continued to rally. A risk-on cocktail of reopening global economies and expectations for further stimulus measures have been underpinning, which are for now offsetting concerns about U.S.-China tensions and the potentially economically disruptive social order disturbances across America. The narrow trade-weighted USD index fell a further 0.3% in printing a low at 97.29, the lowest level seen since March 12th.

Source: XE news feed
XE Market Analysis: North America – Jun 03, 2020

Movement at the Station – Properties recently listed for sale

Tightly held Cloncurry enterprise to sell after 100 years | Texans offer their NSW Heavin Farms Aggregation | NSW’s historic Digilah Station heads to auction | Crowther family exchanges two Qld breeder properties for Leeora | Affordable south west Qld breeding and backgrounding | New England grazing block surplus for owners | Retirement prompts the sale of two New England blocks | NSW coastal cattle breeding country

Source: Beef Central
Movement at the Station – Properties recently listed for sale

XE Market Analysis: Europe – Jun 03, 2020

More of the same, with the dollar and yen weakening while commodity currencies lead the outperforming pack as stocks and oil prices, and other industrial commodities, continued to rally. A risk-on cocktail of reopening global economies and expectations for further stimulus measures have been underpinning, which are for now offsetting concerns about U.S.-China tensions and the potentially economically disruptive social order disturbances across America. The narrow trade-weighted USD index fell a further 0.3% in printing a low at 97.37, the lowest level seen since March 13th.

Source: XE news feed
XE Market Analysis: Europe – Jun 03, 2020

Webinar: Creating a lasting legacy for farm businesses and family through succession planning

Isobel Knight, who has presented widely on the topic of succession planning at primary producer gatherings across Australia over the past 15 years, will deliver an information-packed webinar on the topic next Wednesday, including an interactive question and answer session.    

Source: Sheep Central
Webinar: Creating a lasting legacy for farm businesses and family through succession planning

Webinar: Creating a lasting legacy for farm businesses and family through succession planning

Isobel Knight, who has presented widely on the topic of succession planning at primary producer gatherings across Australia over the past 15 years, will deliver an information-packed webinar on the topic next Wednesday, including an interactive question and answer session.

Source: Grain Central
Webinar: Creating a lasting legacy for farm businesses and family through succession planning

Webinar: Creating a lasting legacy for farm businesses and family through succession planning

Isobel Knight, who has presented widely on the topic of succession planning at primary producer gatherings across Australia over the past 15 years, will deliver an information-packed webinar on the topic next Wednesday, including an interactive question and answer session.    

Source: Beef Central
Webinar: Creating a lasting legacy for farm businesses and family through succession planning

XE Market Analysis: Asia – Jun 02, 2020

The Dollar index hit new near two-month low of 97.43 into the N.Y. open, down from overnight highs of 97.91. Tuesday marked the sixth-consecutive lower daily low. After starting the session on a weaker footing, the USD made up some ground through the morning. EUR-USD printed trend highs of 1.1195, after opening at 1.1155. USD-JPY bucked the trend, braking out of its recent trading range, topping at 108.77, after opening near 107.90. USD-CAD fell to trend lows of 1.3482, while Cable hit a one-month high of 1.2576. Wednesday’s U.S.

Source: XE news feed
XE Market Analysis: Asia – Jun 02, 2020

More than 50,000 live export sheep set to sail on coronavirus ship to remain in Australia

More than 50,000 sheep left stranded after a coronavirus outbreak on board the Al Kuwait live export ship will remain in Australia after an exemption to the summer live export ban is denied.

Source: ABC Livestock
More than 50,000 live export sheep set to sail on coronavirus ship to remain in Australia

XE Market Analysis: North America – Jun 02, 2020

The dollar has remained soft with risk sentiment in global markets holding up. The narrow trade-weighted edged out a new low, at 97.43, which is the lowest level seen since March 16th. EUR-USD has remained buoyant, but has remained below yesterday’s 11-week high at 1.1188. USD-JPY remained in a narrow range in the mid-to-upper reaches of the 107.00s, which has been the case for about two weeks now.

Source: XE news feed
XE Market Analysis: North America – Jun 02, 2020

XE Market Analysis: Europe – Jun 02, 2020

The dollar has remained soft with risk sentiment in global markets holding up, albeit with a weakening grip. Wall Street finished with modest gains yesterday, while S&P 500 futures are moderately in the negative, and while Asian markets and European index futures have gained, they are up by only a limited extent. U.S.

Source: XE news feed
XE Market Analysis: Europe – Jun 02, 2020

MLA mid-year projections: Lamb production to fall as restocker demand lifts

A recovery in the national flock is underway, with sheep producers in key regions now in a position to consider increasing flock numbers, buoyed by improved seasonal conditions, according to Meat & Livestock Australia’s 2020 Sheep Industry Projections June update.

Source: Sheep Central
MLA mid-year projections: Lamb production to fall as restocker demand lifts

XE Market Analysis: Asia – Jun 01, 2020

The DXY fell to 12-week lows of 97.86 in London on Monday, later rallying back to 98.23 into the N.Y. open. Safe-haven USD buying was noted from the lows, following China’s announcement it would cut back on agriculture imports from the U.S. Since then, the USD saw some of those flows reverse out of the Greenback as stocks mounted a modest recovery. EUR-USD remained under the trend high of 1.1153 seen in London, while USD-JPY remained range bound between 107.40-80. Cable meanwhile, rallied to near one-month highs of 1.2475.

Source: XE news feed
XE Market Analysis: Asia – Jun 01, 2020

XE Market Analysis: North America – Jun 01, 2020

The dollar and yen reversed course and picked up safe haven demand after China upper the ante in its game of risk with the U.S. by withdrawing purchases for some American farm products, according to a Bloomberg report. The likes of EUR-USD, Cable and AUD-USD consequently turned lower. EUR-USD ebbed back to near the 1.1100 mark, after earlier printing a high at 1.1153, which is the highest level seen since March 17th. The yen, like the dollar, also saw a seen a weakening-then-strengthening price action. There had initially been relief in markets that U.S.

Source: XE news feed
XE Market Analysis: North America – Jun 01, 2020

XE Market Analysis: Europe – Jun 01, 2020

Both the dollar and yen weakened against a backdrop of rallying stock markets in the Asia-Pacific region. There was relief in markets that U.S. President Trump left the trade deal with China intact as he outlined on Friday measures against China following its ratification of the controversial Hong Kong security law. Ongoing social and economic reopening among the world’s biggest economies, meanwhile, have also been tonic for markets, offsetting concerns about the spate of rioting in many U.S. cities and hostility in U.S.-China relations.

Source: XE news feed
XE Market Analysis: Europe – Jun 01, 2020

Recruitment: Beyond COVID-19 – Will there continue to be a shortfall of skills in agriculture?

Many sectors of agriculture have operated for several decades under a market where demand for a wide range of skills has exceeded supply. But what implications can we expect due to the rise in national unemployment attributed to coronavirus?

Source: Sheep Central
Recruitment: Beyond COVID-19 – Will there continue to be a shortfall of skills in agriculture?

Rise in most stock category values in larger AuctionsPlus offering

Cattle numbers were up 10pc on AuctionsPlus this week with a total of offering of 21,083 head, while clearance rates eased from the highs experienced last week to sit at 84pc. The majority of stock categories rose in value with the biggest increases being PTIC cows which averaged $2157, up $293.

Source: Beef Central
Rise in most stock category values in larger AuctionsPlus offering

XE Market Analysis: Asia – May 29, 2020

After falling to two-plus month lows of 97.95 overnight, the DXY recovered to 98.50 through the N.Y. session on Friday. It appeared that broad week and month-end buying was the main driver. For the data, the goods trade deficit widened, while personal income soared 10.5%, on government transfers (PPP). PCE plunged 12.6%, while Chicago PMI and Michigan sentiment dipped lower as well. As has been the case since the pandemic, though was little market reaction to the numbers. EUR-USD fell from two-month highs of 1.1145 after the open, later basing at 1.1081.

Source: XE news feed
XE Market Analysis: Asia – May 29, 2020

XE Market Analysis: North America – May 29, 2020

The yen has strengthened amid a sputtering price action in global equity markets, while the dollar, despite this backdrop, underperformed, including against commodity currencies. USD-JPY fell nearly 0.5% in posting an 11-day low at 107.08. EUR-JPY ebbed by about 0.3%, retracing around a half of yesterday’s rally in making a low at 118.18, which had produced a two-month high at 119.42. AUD-JPY also traded softer, though remained shy of its low from yesterday.

Source: XE news feed
XE Market Analysis: North America – May 29, 2020

XE Market Analysis: Europe – May 29, 2020

The yen has strengthened as risk-off sentiment took a grip, while the dollar, despite this backdrop, underperformed. USD-JPY fell nearly 0.5% in posting an 11-day low at 107.08. EUR-JPY ebbed by about 0.3%, retracing around a half of yesterday’s rally in making a low at 118.18, which had produced a two-month high at 119.42. AUD-JPY also traded softer, though remained shy of its low from yesterday.

Source: XE news feed
XE Market Analysis: Europe – May 29, 2020

Recruitment: Beyond COVID-19 – Will there continue to be a shortfall of skills in agriculture?

Many sectors of agriculture have operated for several decades under a market where demand for a wide range of skills has exceeded supply. But what implications can we expect due to the rise in national unemployment attributed to coronavirus?

Source: Beef Central
Recruitment: Beyond COVID-19 – Will there continue to be a shortfall of skills in agriculture?

XE Market Analysis: Asia – May 28, 2020

The Dollar fell for the third straight session, leaving the DXY at two-month lows of 98.37, down from 99.97 highs seen on Monday. An improving outlook for reopening the economy amid general risk-on conditions, has continued to see safe-haven USD positions unwind. Wall Street was higher, with Treasury yields a bit lower on the back of U.S./China tensions. Incoming data was horrible, though largely in-line with expectations, with the modest drop in jobless claims appearing to help equity market sentiment. EUR-USD ran up to two-month highs of 1.1090 from opening lows of 1.1010.

Source: XE news feed
XE Market Analysis: Asia – May 28, 2020

XE Market Analysis: North America – May 28, 2020

The dollar and yen have remained weak, albeit in the context of narrow ranges so far today. Global markets remain, overall, in risk-on mood, though geopolitical tensions about the Hong Kong issue saw the Hang Seng and main Chinese stock indices decline. China’s parliament did the expected and ratified the Hong Kong security law, and putting China and the U.S., and more broadly the West, on a collision course. The Nikkei 225 has been the star performer in the equity world, closing up 2.3% at its best level since February 27th, breaking above its 200-day moving average on route.

Source: XE news feed
XE Market Analysis: North America – May 28, 2020

XE Market Analysis: Europe – May 28, 2020

The dollar and yen have remained weak, albeit in the context of narrow ranges so far today. Global markets remain, overall, in risk-on mood, though geopolitical tensions about the Hong Kong issue have seen the Hang Seng and main Chinese stock indices decline. The Nikkei 225 closed up 2.3% at its best level since February 27th, breaking above its 200-day moving average on route. The index is now up Up 34% from the lows in March.

Source: XE news feed
XE Market Analysis: Europe – May 28, 2020

TFI takes 50pc stake in Victorian processor, Frew Group

South Australian-based meat processor Thomas Foods International has bought a 50pc stake in Victoria smallstock operator Frew Group. The two family-owned businesses said today they will join forces under a new corporate structure from 1 July, to grow national and global markets for high quality Australian meat.

Source: Beef Central
TFI takes 50pc stake in Victorian processor, Frew Group