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Record heat and dry conditions in February 2018 hit Australian crops, and the sorghum harvest in southern Queensland showed mixed results with some yield and quality losses. ABARE estimated 2017/18 sorghum output at 1.47 million tonnes, and Downs sorghum rallied $25 in February to $305/t.
Yield and quality losses tighten the Australian feed sorghum supply, supporting domestic prices and making imported feed grains relatively more competitive for buyers.
graincentral.comGuest AuthorFeb 16, 2018Not 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.
