# Feedgrain Focus:  Rain, offshore dip soften prices - Grain Central

> Australian feedgrain values softened over the past week as offshore corn and lower-protein wheat prices slid and patchy rain fell across the grainbelt. Northern barley harvest pressure is building, with yields reported high and quality good. Domestic buyers are purchasing barley hand to mouth, expecting lower-protein wheat to be offered competitively.

- Date: 2021-10-14 · published 2021-10-14T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/44685-feedgrain-focus-rain-offshore-dip-soften-prices-grain-central
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower offshore corn and wheat values and harvest selling pressure point to softer Australian feed grain prices near term. Buyers delaying purchases for cheaper new-crop wheat and barley could keep domestic prices under pressure.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: neutral

## Sources

- graincentral.com: https://www.graincentral.com/markets/feedgrain-focus-rain-offshore-dip-soften-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.