Loading…
Australian grain prices softened in the past week as harvest wound down in Queensland and advanced in other states. Indicative Downs barley fell to A$445 per tonne from A$455, and Melbourne barley fell to A$357.
Yields are average at best, and off-spec wheat is being bought mainly by the poultry sector.
Harvest pressure and average yields are weighing on Australian feed grain values, which can cap export and import competition for barley and wheat. Buyers can expect softer local feed prices while supplies are being harvested.
ukragroconsult.comOct 27, 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.
