# Australia: Prices drop as south’s season gains ground

> 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.

- Date: 2024-06-21 · published 2024-06-21T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/29823-australia-prices-drop-as-south-s-season-gains-ground
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-prices-drop-as-souths-season-gains-ground/

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