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Australian grain sales rose over the past week as solid export and domestic demand matched a rallying world market. Barley Downs was $418/t and sorghum Downs $358/t, both higher than mid-May.
Dry conditions in South Australia and Western Australia are a concern while eastern states have good moisture.
Firm export and domestic feed demand, plus dry-weather concern in the south, support Australian barley and sorghum prices in the back half of the shipping year.
beefcentral.comLiz WellsMay 27, 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.
