# Feedgrain Focus: North softens, south steady - Grain Central

> 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.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/37308-feedgrain-focus-north-softens-south-steady-grain-central
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: neutral
- SORGHUM: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/australia-feedgrain-focus-north-softens-south-steady/
- graincentral.com: https://www.graincentral.com/markets/feedgrain-focus-north-softens-south-steady/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.