Last Friday’s MDBA announcements have definitely changed the balance of allocation markets in the week following

Australia is officially experiencing a La Nina weather pattern according to BOM as of yesterday…

Allocation markets are easing with recent rainfall recorded and a promising outlook for all areas in the coming 10-12 days

Allocation markets have strengthened this week despite allocations last week on the back of warmer weather

Allocation announcements this morning released as follows for NSW related systems

Following Monday’s allocation announcements temporary markets have pulled well below $200/ML – Murrumbidgee settling at $150-$155 this week.