Rabobank's latest agribusiness monthly report has some much-needed good news for farmers.

Chief executive of Rabobank Todd Charteris caught up with The Country's Jamie Mackay to go over the report which contains a largely positive commodity outlook for the 2018-19 farming season.

"The story is certainly a positive one for pretty much all the commodities," says Charteris who goes over the dairy, beef, sheep and horticulture markets.

Sheep meat looks promising for the coming season with schedule prices in both islands up 20 per cent compared to this time last year.

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Fine Merino wool is also looking good but the troubled strong wool market is still a "challenge," says Charteris.

"That's probably the one commodity that's not where producers would like to see it."

Listen below: