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Barley from southern New South Wales is pricing into the Downs market, narrowing the spread with northern markets ahead of new crop. Cheaper road freight rates, now about 12c/km versus 15-17c/km earlier, are enabling southern barley to move north, while sorghum values have bounced as northern supplies shrink.
Lower freight costs and shifting regional flows ease northern Australian feed grain tightness, weighing on local barley and sorghum basis.
ukragroconsult.comJun 2, 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.
