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<oembed><version>1.0</version><provider_name>David Carter Property and Livestock</provider_name><provider_url>https://propertyandlivestock.com.au/zh</provider_url><author_name>David Carter Property and Livestock</author_name><author_url>https://propertyandlivestock.com.au/zh/author/pwsbuilder/</author_url><title>Australian Agricultural Commodities Outlook 2018 Snapshot. - David Carter Property and Livestock</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="k2LTUTM2Bb"&gt;&lt;a href="https://propertyandlivestock.com.au/zh/australian-agricultural-commodities-outlook-2018-snapshot/"&gt;Australian Agricultural Commodities Outlook 2018 Snapshot.&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://propertyandlivestock.com.au/zh/australian-agricultural-commodities-outlook-2018-snapshot/embed/#?secret=k2LTUTM2Bb" width="600" height="338" title="&#x300A; Australian Agricultural Commodities Outlook 2018 Snapshot. &#x300B;&#x2014;David Carter Property and Livestock" data-secret="k2LTUTM2Bb" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script&gt;
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&lt;/script&gt;</html><description>Australian Agricultural Commodities Outlook 2018 Snapshot. (Source: Rabobank Agribusiness Outlook 2018) Wheat&#xA0;&#x2013; prices&#xA0;will&#xA0;continue&#xA0;to&#xA0;be&#xA0;weighed&#xA0;down&#xA0;in&#xA0;2018,&#xA0;following&#xA0;another&#xA0;record&#xA0;year&#xA0;of&#xA0;global&#xA0;wheat&#xA0;production&#xA0;in&#xA0;2017, and with&#xA0;forecast&#xA0;global&#xA0;2017/18&#xA0;ending&#xA0;stocks&#xA0;set&#xA0;to&#xA0;reach&#xA0;a&#xA0;new&#xA0;record&#xA0;of&#xA0;273&#xA0;million&#xA0;tonnes.&#xA0;Prospects&#xA0;for&#xA0;market&#xA0;strengthening have&#xA0;however&#xA0;emerged,&#xA0;with&#xA0;Rabobank&#xA0;forecasting&#xA0;a&#xA0;limited&#xA0;price&#xA0;appreciation&#xA0;in&#xA0;the&#xA0;global&#xA0;benchmark&#xA0;over&#xA0;the&#xA0;coming&#xA0;year. Barley&nbsp;&#x2013;&nbsp;forecasts&nbsp;for&nbsp;the&nbsp;lowest&nbsp;global&nbsp;ending&nbsp;stocks&nbsp;in&nbsp;more&nbsp;than&nbsp;30&nbsp;years&nbsp;and ongoing&nbsp;strength&nbsp;in&nbsp;Australian&nbsp;livestock markets&nbsp;are&nbsp;set&nbsp;to&nbsp;keep&nbsp;barley&nbsp;prices&nbsp;elevated. Dairy&nbsp;&#x2013; the&nbsp;road&nbsp;to&nbsp;recovery&nbsp;resumes,&nbsp;the&nbsp;Rabobank&nbsp;report&nbsp;says,&nbsp;with&nbsp;trading&nbsp;conditions&nbsp;for&nbsp;dairy&nbsp;farmers&nbsp;to&nbsp;be&nbsp;broadly attractive,&nbsp;and&nbsp;processor ownership&nbsp;issues&nbsp;resolving.&nbsp;Growth&nbsp;in&nbsp;the&nbsp;global&nbsp;exportable&nbsp;dairy&nbsp;surpluses&nbsp;will&nbsp;however&nbsp;continue&nbsp;to&nbsp;expand&nbsp;in&nbsp;the&nbsp;first&nbsp;quarter&nbsp;of&nbsp;the&nbsp;year,&nbsp;putting&nbsp;ongoing pressure&nbsp;on&nbsp;global&nbsp;prices. However,&nbsp;the&nbsp;bank&nbsp;isn&#x2019;t expecting&nbsp;these&nbsp;surpluses&nbsp;to&nbsp;overwhelm&nbsp;the&nbsp;global&nbsp;market.&nbsp;China&#x2019;s&nbsp;import appetite&nbsp;for&nbsp;dairy&nbsp;is&nbsp;also&nbsp;forecast to&nbsp;remain&nbsp;buoyant&nbsp;during&nbsp;the&nbsp;year. Beef&nbsp;&#x2013;&nbsp;growing&nbsp;global&nbsp;beef&nbsp;(as&nbsp;well&nbsp;as&nbsp;poultry&nbsp;and&nbsp;pork)&nbsp;production, together&nbsp;with&nbsp;increased&nbsp;cattle&nbsp;inventory&nbsp;in&nbsp;Australia,&nbsp;will exert&nbsp;downward&nbsp;pressure&nbsp;on&nbsp;Australian&nbsp;cattle&nbsp;prices&nbsp;through&nbsp;2018. Sheepmeat &#x2013;&nbsp;Strong export markets and limited growth in global lamb production are expected to continue to drive good prices for the lamb industry in&hellip;</description></oembed>
