# Sorghum the shining light of grain markets as harvest begins to gather pace | The Land | NSW

> Sorghum values in Australia have climbed $20 to $25 a tonne over the past month, and wheat values have also firmed on drier weather outlooks. The Bureau of Meteorology is leaning toward a drier autumn for much of the country, with the chance of NSW exceeding median rainfall below 50 percent through June.

- Date: 2023-02-28 · published 2023-02-28T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/37379-sorghum-the-shining-light-of-grain-markets-as-harvest-begins-to-gather-pace-the
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A drier outlook for the Australian winter crop season supports local grain prices and tightens near-term feed grain availability for buyers in the region. Sorghum's firmer tone reflects supply concerns that could persist into sowing.

## Read by commodity

- WHEAT: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-06-05 | [Droughts and flooding rains impact market \| The Land \| NSW](https://feedsoft.ai/events/8686-droughts-and-flooding-rains-impact-market-the-land-nsw.md) | +3.5% | -4.0% |
| WHEAT | 2020-10-05 | [Grain Markets Start the Week Higher - ProAg](https://feedsoft.ai/events/11633-grain-markets-start-the-week-higher-proag.md) | +1.8% | +3.4% |
| WHEAT | 2024-12-11 | [Harvest resumes after rain delays across the state \| The Land \| NSW](https://feedsoft.ai/events/26920-harvest-resumes-after-rain-delays-across-the-state-the-land-nsw.md) | -0.4% | -0.6% |
| WHEAT | 2021-06-14 | [The Gleaner: A tight market for grains and OSR forecast \| The Scottish Farmer](https://feedsoft.ai/events/46628-the-gleaner-a-tight-market-for-grains-and-osr-forecast-the-scottish-farmer.md) | +5.8% | -5.4% |
| WHEAT | 2020-10-19 | [Global markets look firm as WA heads into harvest: CBH - Grain Central](https://feedsoft.ai/events/12843-global-markets-look-firm-as-wa-heads-into-harvest-cbh-grain-central.md) | +1.2% | -1.1% |

## Sources

- theland.com.au: https://www.theland.com.au/story/8103774/sorghum-the-shining-light-of-grain-markets/

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