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Feed wheat and barley prices in Australia firmed over the past week as dry conditions persist in north-west NSW and the short-season wheat planting window nears its end. Showers in Victoria, South Australia and southern NSW keep establishing crops on track for average yields.
Sorghum is being harvested and sold quickly in Central Queensland.
Tight white-grain supply in northern feedlot regions supports higher domestic feed barley and sorghum prices, while adequate southern crop prospects limit the upside.
beefcentral.comBeef CentralJun 19, 2023Not enough comparable past events yet for a historical read.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
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.
