Loading…
Australian wheat, barley and sorghum prices rose at least A$10 per tonne in the week to April 4, driven by rain on ripe Downs sorghum that caused shelling and sprouting. Trade sources reported at least three 50,000-tonne sorghum cargoes penciled in to load in Brisbane for China.
Rain damage reduces top-grade sorghum availability and supports prices, while Chinese export demand adds further upward pressure. Quality downgrades may push buyers toward wheat and barley substitutes.
ukragroconsult.comApr 5, 2024
graincentral.comLiz WellsApr 4, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
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.
