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Australian feedgrain prices rallied in the past week as rain and localised flooding limited access to stored grain in New South Wales. Prompt sorghum at Downs rose to A$392/t from A$370, and harvest delays are pushing crops later.
Tight prompt supply and late Australian harvest support feed grain values, while a weak Australian dollar adds export-price support.
graincentral.comLiz WellsOct 13, 2022Not 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.
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.
