# Australia: Thin demand meets thinner selling

> Australian wheat and barley traded sideways over the past week as growers held back supply. Export demand softened, partly due to competition from the Black Sea and Argentina. New-crop sorghum began arriving at bins, and sorghum fell as Chinese interest backed off.

- Date: 2024-01-19 · published 2024-01-19T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/32165-australia-thin-demand-meets-thinner-selling
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Soft export competition from Black Sea and Argentina and weak Chinese sorghum demand point to flat-to-lower Australian feed grain prices.

## Read by commodity

- WHEAT: neutral
- BARLEY: neutral
- SORGHUM: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-thin-demand-meets-thinner-selling/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.