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Australian sorghum prices fell about $20 per tonne over the prior fortnight, making it cheap enough to draw poultry and pig buyers in the north. Wheat and barley demand weakened as feedlots were covered for months ahead.
Lower sorghum prices are attracting feed demand and substituting for wheat and barley in rations, which supports sorghum relative to other feed grains.
graincentral.comLiz WellsFeb 1, 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.
