The Thomas Elder Markets (TEM) team has been discussing the phase 1 deal as a major challenge for Australian agriculture for the past year, and expects that China will have to preference goods from the US in order to protect its export markets.

Wheat prices are high for a non drought year, but a lack of price premiums for higher quality wheat grades has annoyed some growers.

Last year saw sales of new tractors soar back up to levels not seen since the 1980s.

Companies join forces to speed up the introduction of hydrogen-fuelled vehicles in Australia.