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Southern Australian feed barley prices fell while wheat held, as growers sold to clear storage ahead of harvest. Rumours of Chinese buying of up to 1 million tonnes of new-crop Australian wheat supported wheat.
Sorghum prices were also lower, and excess rain in New South Wales added to downside pressure.
Heavy grower selling and weak domestic demand are weighing on Australian feed barley and sorghum. Wheat is steadier because of export interest, mainly from China.
graincentral.comLiz WellsAug 18, 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.
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.
