Rain and lower AUD a positive for commodity prices

THE outlook for agriculture has been boosted by good rain across much of eastern Australia and the Bureau of Meteorology's forecast for a wetter than average winter, according to the June Rural Commodities Wrap from National Australia Bank (NAB) Agribusiness.

Rain and lower AUD a positive for commodity prices Rain and lower AUD a positive for commodity prices Rain and lower AUD a positive for commodity prices Rain and lower AUD a positive for commodity prices Rain and lower AUD a positive for commodity prices

 

Prices of major agricultural commodities remain mixed on global markets; however, NAB continues to expect a downward drift in the Australian dollar (AUD) to provide support locally.

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