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Local Australian grain markets eased as new-crop supplies arrived, with stockfeed wheat down $5 to $475 a tonne delivered Darling Downs and feed barley steady at $475. Global wheat futures fell 4% on ample Russian supplies and slow export sales, while private forecasters see Australia's wheat crop at 22-23 million tonnes.
Lower global wheat futures and ample Russian supply weigh on feed wheat prices, although shrinking Australian crop estimates limit the downside.
queenslandcountrylife.com.auLloyd George, Ag ScientiaOct 1, 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.
