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Dry conditions in South Australia and western Victoria have raised demand for feed barley, lifting up-country prices above weakening export values. Quoted values dropped roughly $5-$15 per tonne over the week, while sorghum firmed slightly.
Some export-bound grain is being redirected to domestic buyers.
Domestic feed demand in southern Australia is absorbing grain that would otherwise be exported, tightening local supply while export values soften. Forecast rain could ease that demand.
beefcentral.comLiz WellsJul 1, 2024Not 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.
