# Grain slides on global markets tumble​ | Queensland Country Life | QLD

> Queensland sorghum delivered into Brisbane fell $10 to $232 a tonne, the lowest in seven weeks. Kansas City hard red winter wheat futures fell about 8% in a week on reports of record yields in Kansas. Brexit-driven dollar strength also weighed on global prices.

- Date: 2016-06-27 · published 2016-06-27T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/11729-grain-slides-on-global-markets-tumble-queensland-country-life-qld
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Record US hard red winter yields and large US wheat carry-in stocks add supply to the world market, lowering export prices that Australian feed grains track. A firmer US dollar further reduces the value of grain priced in dollars.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2017-03-20 | [GRAINS MARKETS: Crops unable to hold early gains, end lower](https://feedsoft.ai/events/10722-grains-markets-crops-unable-to-hold-early-gains-end-lower.md) | -5.6% | -8.2% |
| KWHEAT | 2024-03-06 | [Grain Markets: Can We Expect a Rally in Wheat, Corn, and Soybeans Anytime Soon?](https://feedsoft.ai/events/7304-grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon.md) | +5.4% | -1.9% |
| KWHEAT | 2021-02-15 | [Weather issues driving grain markets in Northern Hemisphere \| Stock & Land \| VIC](https://feedsoft.ai/events/48677-weather-issues-driving-grain-markets-in-northern-hemisphere-stock-and-land-vic.md) | +4.5% | -1.6% |
| KWHEAT | 2019-05-06 | [Daily Market Wire 6 May 2019 - Grain Central](https://feedsoft.ai/events/7491-daily-market-wire-6-may-2019-grain-central.md) | -3.5% | +23.9% |
| KWHEAT | 2017-03-21 | [Daily market wire 22 March 2017 - Grain Central](https://feedsoft.ai/events/10723-daily-market-wire-22-march-2017-grain-central.md) | -5.4% | -5.8% |
| WHEAT | 2025-07-29 | [Australia's grain production boosted by recent rains \| Queensland Country Life \| QLD](https://feedsoft.ai/events/23719-australia-s-grain-production-boosted-by-recent-rains-queensland-country-life-qld.md) | -0.7% | -0.4% |
| WHEAT | 2021-08-14 | [Queensland wheat crop estimates climb \| Queensland Country Life \| QLD](https://feedsoft.ai/events/45534-queensland-wheat-crop-estimates-climb-queensland-country-life-qld.md) | +1.1% | +2.8% |
| WHEAT | 2019-07-31 | [Summer cools grain markets \| Global Perspective \| The Land \| NSW](https://feedsoft.ai/events/58139-summer-cools-grain-markets-global-perspective-the-land-nsw.md) | -1.2% | -0.4% |

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/3994383/grain-slides-on-global-markets-tumble/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.