Terra Ag is hosting an annual Summer Grower Meeting. We will be discussing a range of topics and the essential information to plan for the upcoming season

Markets have firmed this past week and more so in light of a disappointing weather front for this week which at the time of writing appears to be little more than 1-5mm for most areas.

Slightly different approach to this week’s update – I will only be speaking to what I see are two major points of consideration in water markets presently, Carryover and Menindee Lakes

Allocation trade has been mostly steady the last few weeks as seasonal harvests are either underway or seeking to be wrapped up in the coming weeks

Significant directional movements lower for all allocation markets this week, a combination of the rainfall events that have transpired over Eastern states in the last 3-4 days and counting, and the supply side with Murrumbidgee and Goulburn water continuing to be transferred into the below choke zone of the Murray river.