# Feedgrain Focus: New-crop prospects colour cash markets - Grain Central

> Eastern Australian feedgrain cash markets diverged, with Victorian prices softening as planting progressed and drier summer-cropping regions firming. China was reportedly interested in buying Central Queensland sorghum and shying away from US grain amid the trade war. Current-crop wheat in Melbourne was about A$350/t, with new-crop wheat near A$300/t.

- Date: 2019-05-16 · published 2019-05-16T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/12129-feedgrain-focus-new-crop-prospects-colour-cash-markets-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Chinese demand for Australian sorghum and avoidance of US grain supports sorghum export prices, while dry sowing and weather point to a lower trend for wheat and barley.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-11 | [Daily Market Wire 11 May 2021 - Grain Central](https://feedsoft.ai/events/7465-daily-market-wire-11-may-2021-grain-central.md) | -1.1% | -4.4% |
| WHEAT | 2016-10-23 | [Daily market wire 24 Oct 2016 - Grain Central](https://feedsoft.ai/events/10543-daily-market-wire-24-oct-2016-grain-central.md) | -2.0% | -0.5% |
| WHEAT | 2020-07-17 | [Daily Market Wire 17 July 2020 - Grain Central](https://feedsoft.ai/events/6208-daily-market-wire-17-july-2020-grain-central.md) | +0.3% | -2.0% |
| WHEAT | 2022-01-28 | [Sprouted wheat an option for Asian feed: AEGIC - Grain Central](https://feedsoft.ai/events/43095-sprouted-wheat-an-option-for-asian-feed-aegic-grain-central.md) | -1.8% | +2.3% |
| WHEAT | 2018-01-11 | [Dust settles on the wheat harvest, focus switches to demand - Grain Central](https://feedsoft.ai/events/66947-dust-settles-on-the-wheat-harvest-focus-switches-to-demand-grain-central.md) | -0.4% | +6.0% |
| CORN | 2023-03-26 | [Daily Market Wire 27 March 2023 - Grain Central](https://feedsoft.ai/events/5084-daily-market-wire-27-march-2023-grain-central.md) | +1.6% | -0.0% |
| CORN | 2019-03-12 | [Daily Market Wire 13 March 2019 - Grain Central](https://feedsoft.ai/events/10671-daily-market-wire-13-march-2019-grain-central.md) | +5.0% | -0.3% |
| CORN | 2024-02-01 | [Barley market prospects](https://feedsoft.ai/events/32193-barley-market-prospects.md) | -4.7% | -6.6% |

## Sources

- beefcentral.com: https://www.beefcentral.com/lotfeeding/feedgrain-focus-new-crop-prospects-colour-cash-markets/
- graincentral.com: https://www.graincentral.com/markets/feedgrain-focus-new-crop-prospects-colour-cash-markets/

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