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Southern Australian feedgrain prices eased a few dollars in the week to March 9 while northern prices firmed, as sorghum harvest sales dampened white grain selling. ABARES forecast 2023-24 wheat area falling to 11.8-12.5 million hectares and barley output at 9.9Mt.
Forecast lower 2023-24 Australian wheat and barley output is supportive for prices later in the year, though current harvest pressure keeps near-term feedgrain values soft.
ukragroconsult.comMar 13, 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.
