# Domestic grain prices buck overseas declines | Queensland Country Life | QLD

> 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%.

- Date: 2021-06-21 · published 2021-06-21T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/12828-domestic-grain-prices-buck-overseas-declines-queensland-country-life-qld
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- AUDUSD: bearish ▼
- BARLEY: neutral

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/7306365/domestic-grain-prices-buck-overseas-declines/

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