◂ Event Timeline

Jul 26, 2018WEATHERAustralia

Feedgrain Focus: Prices rise as dry conditions add fuel to fire

Dry conditions in eastern Australia pushed feed ingredient prices $10-20/t higher as animal feeders bought ahead. Cottonseed values rose as much as $45/t over two weeks, and southern NSW wheat rose about $10/t.

WHY IT MATTERS

Drought-driven demand for feed grains, cottonseed and hay raises the cost of feed ingredients in Australia and supports cottonseed meal prices.

AFFECTSCSM▲BARLEY▲WHEAT▲

2 SOURCES
beefcentral.comGuest AuthorJul 26, 2018
graincentral.comHenry WellsJul 26, 2018

Price reaction & history

CSM▲bullish

Not enough comparable past events yet for a historical read.

BARLEY▲bullish

Not enough comparable past events yet for a historical read.

WHEAT▲bullishSO FAR1d -0.2%5d -1.5%20d -1.7%

After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.

Sep 9, 2019Feedgrain Focus: Prices firm as thin crops turn to hay - Beef Central-0.8%
Oct 13, 2022Feedgrain Focus: Rain limits access, lifts prices - Grain Central+3.8%
Aug 1, 2019Feedgrain Focus: Export demand, continuing dry bolster prices - Grain Central-0.7%
May 24, 2018Feedgrain focus: Dry in NSW drains stored reserves - Grain Central-0.8%
Jun 19, 2023Feedgrain Focus: Markets firm as dry north throttles sales - Beef Central+2.6%

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.

CSM · GP ▸

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BARLEY · GP ▸

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