# Australia: Prices soften as harvest accelerates

> 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.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/33717-australia-prices-soften-as-harvest-accelerates
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-prices-soften-as-harvest-accelerates/

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