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Harvest is now underway for 2018-19 winter crop, a season which will likely go down as one of the most mixed in years.

The NAB Rural Commodities Index rose 1.8% in October, following a 6.5% jump in September.

The Victorian economy has been one of Australia’s fastest growing this year. Given the scope of construction projects now ramping up it’s likely transport infrastructure spending will continue to contribute strongly to Victorian growth over the next year.

The NAB Rural Commodities Index rose 6.5% in September, recording the biggest monthly gain since December 2010.

The NAB Rural Commodities Index was up 0.7% in August, with grain, lamb and wool prices on the rise, but cattle and dairy lower. Continued drought conditions in the east is likely to see elevated grain prices but lower cattle prices.

The NAB Rural Commodities Index gained 1.3% month on month in July, following a 1.4% gain in June. On a year on year basis, the index was down 0.3% in July.

The NAB Rural Commodities Index gained 1.4% month on month in June, following a 3.1% gain in May. On a year on year basis, the index was down 2.9% in June. The monthly gain reflects strong lamb, wool and cotton prices.

The NAB Rural Commodities Index gained 3.1% month on month in May after falling 2.8% in April. On a year on year basis, the index was down 4.4% in May. The monthly gain reflects strong grain, horticultural, dairy, wool and cotton prices.

2018 has been exceptionally dry across much of Australia, with knock-on downside to restocker interest and young cattle prices.