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A Darling Downs grower reported a bumper dryland barley crop after rainfall in the growing season rose about 30 per cent. ABARES data show Queensland winter crop production rose 4 per cent to 2.9 million tonnes, though planted area fell.
The article is a farm-level account of the season.
Larger Queensland barley output adds to domestic feed supply and is mildly bearish for local barley prices. The effect on national prices is small given the scale of the crop.
queenslandcountrylife.com.auBrandon LongFeb 13, 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.
