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Queensland's harvest is nearly finished and the northern Australian grain market is trading sideways in thin volume. Indicative prices were little changed from late October, with sorghum Downs quoted at A$440 per tonne and barley Downs at A$440.
Dry conditions on the Downs may limit planting of a sorghum crop.
Stable northern prices and limited trade suggest little near-term price pressure, although dry conditions could tighten supply for next season.
ukragroconsult.comNov 6, 2023Not 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.
