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Winter cereal prices rose by up to A$10 per tonne over the past week on stronger export demand for wheat and a local call for barley. A weaker Australian dollar increased interest in bulk and container wheat cargoes, while Queensland sorghum values fell about A$25/t as export demand eased.
A weaker Australian dollar makes Australian grain cheaper for export buyers, supporting wheat and barley values. Softer sorghum demand points to lower feed grain prices in the near term.
beefcentral.comLiz WellsApr 19, 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.
