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Wheat and barley harvest is at top pace in northern New South Wales, where growers are facing a well-covered domestic market. Lower-than-expected wheat protein is disappointing for premium milling sales, while lower barley protein has pushed more tonnage into malting.
Indicative Downs barley fell to A$455 per tonne from A$460.
Harvest selling pressure and a well-covered domestic market weigh on Australian feed grain prices. Lower protein shifts some barley into malting, leaving less feed-grade supply.
graincentral.comLiz WellsOct 19, 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.
