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Queensland local grain prices held steady over the week despite lower US and overseas futures, as Midwest rain forecasts pressured corn and soybeans. Stockfeed wheat into the Downs slipped $3-4 to $320 delivered and barley was unchanged at $305-308.
The Australian dollar fell about 3%.
Lower futures and a weaker Australian dollar offset each other, leaving feed wheat and barley prices steady in Queensland. Feedlots are using the dip to extend coverage.
queenslandcountrylife.com.auLloyd George, Ag ScientiaJun 21, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
