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Rain and flooding in parts of New South Wales and Victoria are delaying the harvest, widening the gap between prompt and new-crop feedgrain prices in southern Australian markets. Grade spreads for milling wheat and malting barley over feed have widened, and cottonseed prices have risen on flood-related logistics problems in New South Wales.
Northern domestic feedgrain values eased $5-$10/t as new-crop harvest advanced in Queensland and northern NSW.
Harvest delays and flood-hit logistics tighten prompt supply in the south, supporting nearby feed grain and cottonseed values while new-crop northern supply pressures northern prices lower. Feed buyers face a regional price split that depends on transport access.
graincentral.comLiz WellsNov 17, 2022Not 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.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
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.
