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Australian feedlots remain the largest user of feedgrain, but sorghum has priced itself out of rations and cottonseed and barley are being used instead. Strong export demand for white grain and cottonseed keeps major inputs expensive.
Sorghum losing feedlot share to barley, wheat and cottonseed shows price-driven substitution, limiting sorghum demand from this segment.
graincentral.comLiz WellsMar 21, 2023Not 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.
