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Australian sorghum values have traded in a narrow range as the export market drives prices. Favorable weather has allowed good harvest progress, with yields of five to eight tonnes per hectare reported in northern New South Wales and Queensland.
ABARES currently estimates 2021-22 production at 2 million tonnes, and an upward revision is expected in March.
Strong yields and a likely larger crop estimate point to ample supply, but steady export demand has so far kept prices from falling.
theland.com.auJames MassinaFeb 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.
