Loading…
Eastern Australia's sorghum harvest is nearly complete after May rains of 100-250 mm delayed work. Roughly one third of the Queensland and NSW crop was downgraded by sprouting, diverting late crops to domestic poultry feed.
Downgraded sorghum shifts volume into the domestic feed market, which adds supply for poultry rations and can weigh on local feed grain values. Export programs still run on earlier high-quality grain.
graincentral.comLiz WellsJun 22, 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.
