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Australian grain prices softened this week as southern rain and the end of free warehousing at GrainCorp pushed more grain onto the market. Indicative Downs barley and feed wheat prices fell to A$390 per tonne prompt, while new-crop values also eased.
Some domestic consumers are now up to half covered for January-March 2025 needs.
Heavier spot supply and softer Australian values lower feed grain costs for buyers in the near term, though thin grower selling in new crop limits further downside.
ukragroconsult.comJun 21, 2024Not 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.
