Loading…
Northern Australian feedgrain prices softened as the sorghum harvest started slowly and volumes in New South Wales and southern Queensland began to build. Viterra forecast the national wheat crop at 41 million tonnes, above ABARES' estimate of 36.6 million.
Southern markets were steady, and sorghum was priced level with wheat on a delivered Downs basis.
Rising sorghum harvest volumes and a larger wheat crop estimate add supply and pressure feedgrain prices. Sorghum's competitive price limits its use to specialty rations.
ukragroconsult.comFeb 3, 2023
graincentral.comLiz WellsFeb 2, 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.
