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Queensland sorghum growers and traders face quality downgrades because rain events in February and March caused sprouting in crops that were ripe. Affected lots are moving from the Sorghum 1 grade to Sorghum 2, a price gap of about $20 to $40 per tonne.
Lower-grade Australian sorghum reduces the supply of premium feed grain available to domestic and export buyers, supporting local feed prices. The impact is regional and modest given the size of the discount.
queenslandcountrylife.com.auBrandon LongMar 17, 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.
