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Feed wheat and barley prices softened over the week to April 6 as prospects for a large early winter crop in Australia improved. Sorghum fell as growers and traders sold, with the market losing its premium to white grain.
Traders said there was more sorghum in the bulk system than expected, and softer Chinese spot demand weighed on prices.
Ample domestic grain and weaker sorghum demand from China point to lower Australian feed grain prices, which helps feed buyers source cheaper coarse grains.
ukragroconsult.comApr 7, 2023Not enough comparable past events yet for a historical read.
Not 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.
