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Sorghum plantings in Australia's North West NSW are expected to rise this spring after a wet winter left good soil moisture. Growers in the Tamworth district are targeting an October planting, and a wetter-than-average outlook for late in the year is supportive.
Expanded sorghum area points to a larger harvest later in the year, which would add supply to a market already carrying surplus stocks.
theland.com.auSimon ChamberlainJul 31, 2024Not 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.
