WEATHER FORECAST
Weather forecast from the most recent Bureau of Meteorology report.

FERTILIZER PRICE FORECAST
Fertilizer price outlook from the Fertilizer Industry Federation of Australia.

FUEL PRICE FORECAST
For diesel and fuel forecasts the most recent report from the USA government body.

FARMER CONFIDENCE FORECAST
Examining the national farmer confidence levels the Rabobank Rural Confidence Survey is the most robust study of its type in Australia.

WHEAT PRICE AND SUPPLY FORECAST
Knowing the predicted crop size and thoughts on world and domestic wheat prices is critical to predicting farm income.

Links
Useful links to industry websites.

Forecasts

Global Crude Oil and Liquid Fuels

Overview

EIA's assessment of world oil markets is largely unchanged from last month's Outlook, and world oil prices will likely continue to firm and increase slightly in response to the global economic recovery. As long as the global economy continues to recover, and the Organization of the Petroleum Exporting Countries (OPEC) remains satisfied with its constrained supply targets, global oil markets should remain in this situation. Major uncertainties include the pace of global economic recovery and the extent to which the largest economies continue their stimulus and other economic policies.

Consumption

EIA projects that world oil consumption will grow by 1.5 million barrels per day (bbl/d) in 2010 and 1.6 million bbl/d in 2011, similar to the forecast of last month. This growth is the result of an expected recovery in the global economy, with world gross domestic product (GDP, on an oil-weighted basis) assumed to rise by more than 3 percent per year. EIA has revised its assessment for Asia upwards and Europe downwards for 2010 in response to preliminary first-quarter data for those regions. Most of the growth in oil consumption is expected in the Asia-Pacific and Middle East regions

NSW Regional Average