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Heavy rain on the Darling Downs sprouted ripe sorghum, with some samples heavily downgraded. Downgraded product may face a $30-40/t discount to current bids near $400/t, and bulk handling options may be tight short term.
Quality losses reduce the usable exportable supply of Australian sorghum and widen discounts for damaged grain, supporting feed grain prices.
farmonline.com.auGregor HeardMar 15, 2023Not 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.
