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Australian feedgrain values for wheat, barley and sorghum eased in the week to June 7 as growers sold and offshore markets corrected. ABARES put the national wheat crop at 29.1Mt and barley at 11.5Mt, above many expectations.
Downs barley and sorghum were quoted at about A$420 and A$350 per tonne.
A larger-than-expected Australian crop adds to export supply and weighs on feedgrain values. Feed buyers can expect softer Australian barley and sorghum prices while growers keep selling.
sheepcentral.comLiz WellsJun 7, 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.
