# Feedgrain Focus: Values dip on grower selling, offshore moves

> Grower selling and offshore market moves pushed wheat and barley prices lower in the week, ending a May rally. ABARES put Australia's wheat crop at 29.1 Mt and barley at 11.5 Mt, above many expectations. Sorghum and Downs wheat fell about $10 per tonne.

- Date: 2024-07-01 · published 2024-07-01T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/29848-feedgrain-focus-values-dip-on-grower-selling-offshore-moves
- 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

Larger-than-expected ABARES estimates add bearish pressure on Australian feed grain values, though fragile early-season conditions in parts of the country limit the downside.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-07-15 | [Focus on Canada \| World Grain](https://feedsoft.ai/events/40455-focus-on-canada-world-grain.md) | +8.2% | +8.9% |
| WHEAT | 2019-02-01 | [U.S. grains: Corn, soy end lower on technical selling - Grainews](https://feedsoft.ai/events/60632-u-s-grains-corn-soy-end-lower-on-technical-selling-grainews.md) | -1.2% | -6.2% |
| WHEAT | 2020-03-17 | [Focus on Saudi Arabia \| 2020-03-17  \| World Grain](https://feedsoft.ai/events/54206-focus-on-saudi-arabia-2020-03-17-world-grain.md) | -5.6% | -1.2% |
| WHEAT | 2017-12-18 | [Focus on France \| World-grain.com \| December 18, 2017 21:34 \| World Grain](https://feedsoft.ai/events/67427-focus-on-france-world-grain-com-december-18-2017-21-34-world-grain.md) | +0.3% | +0.8% |
| WHEAT | 2017-10-30 | [Weekly Grain Movement – Volume slips from week prior \| Feedstuffs](https://feedsoft.ai/events/68327-weekly-grain-movement-volume-slips-from-week-prior-feedstuffs.md) | -3.8% | -5.6% |

## Sources

- beefcentral.com: https://www.beefcentral.com/lotfeeding/feedgrain-focus-values-dip-on-grower-selling-offshore-moves/

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