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Domestic Australian feed wheat and barley firmed on offshore rallies, while sorghum eased under supply pressure as the bumper crop moves through the supply chain. Indicative delivered prices are listed in Australian dollars per tonne.
Harvest was reported to be less than 20 per cent complete.
Heavy sorghum supply is pressuring export bids, while firmer barley and wheat values raise the cost of feed grains that sorghum would otherwise replace.
beefcentral.comGuest AuthorFeb 28, 2022Not 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.
