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Harvest selling in New South Wales and Victoria has enabled most consumers to cover their needs into the new year. Queensland received useful rain for summer crops, and northern feed wheat appears to have found a floor.
Feed barley is in demand in the north, where unusually high malting volumes have tightened near-term supply.
Heavy harvest selling pressures Australian feed grain prices in the near term. Tighter malting-driven supply in the north gives some support to barley.
graincentral.comLiz WellsDec 1, 2022Not 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.
