# Tumble in northern grain markets | Queensland Country Life | QLD

> Northern Australian grain markets are weak at the start of 2024 as a large sorghum crop is expected, easing fears of tight supply after a smaller winter harvest. Buyers are covered through early 2024, and global feed grain prices have fallen after rain improved drought concerns in northern Brazil.

- Date: 2024-01-14 · published 2024-01-14T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/32167-tumble-in-northern-grain-markets-queensland-country-life-qld
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected large sorghum supply and easing Brazilian drought concerns point to lower feed grain prices for buyers in the near term.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- SORGHUM: bearish ▼

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/8479205/tumble-in-northern-grain-markets/

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