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Australian feed grain prices firmed during the week, with northern barley the exception after transshipments into Brisbane pushed that market down by A$5/t. Dry conditions in northern New South Wales raised concern about volumes for the northern feed market, while crops in southern NSW, Victoria and South Australia are generally very good.
Growers are selling current-crop grain for cash flow and are only lightly engaged on new crop.
Dry northern conditions could tighten local feed supplies and support prices as livestock feeding rises on drying pastures, while good southern crops cap broader gains.
graincentral.comLiz WellsJul 27, 2023Not 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.
