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Rain of up to 110mm across southern Queensland caused shelling and sprouting in ripe sorghum, and up to half the regional crop could be downgraded. Many growers rushed to harvest during a dry Easter break, but wet paddocks limited access.
Agronomists said about 80% of the Downs crop was at a vulnerable stage.
Widespread downgrades and yield losses cut supply of Downs sorghum, the nearest major source for Brisbane export cargoes. This tightens the market and supports sorghum prices.
beefcentral.comEmma AlsopApr 3, 2024Not 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.
