Loading…
Widespread rain across northern Australian cropping regions softened feedgrain values in the past week. Traders are looking to the domestic market to absorb grain booked earlier or offered by growers, with growers selling to fill backloads of fertiliser ahead of winter-crop planting.
Barley, sorghum and wheat indicative prices in the table all eased or held steady.
Rain easing drought concerns and growers selling into domestic demand add supply pressure, pointing to lower Australian feedgrain prices in the near term.
graincentral.comLiz WellsMar 18, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
