# Australia: Market dips on trade sales

> 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.

- Date: 2023-04-07 · published 2023-04-07T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36497-australia-market-dips-on-trade-sales
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Ample domestic grain and weaker sorghum demand from China point to lower Australian feed grain prices, which helps feed buyers source cheaper coarse grains.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-market-dips-on-trade-sales/

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