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Australian feedgrain report says discounted sorghum is entering some rations as northern wheat and barley firm. Sorghum X sprouting after rain in Queensland and northern NSW is pushing traders to accumulate it at about A$240/t.
Sprout damage in Australian sorghum reduces usable supply for feed and widens discounts, while firming wheat and barley support the feed grain complex.
beefcentral.comGuest AuthorJun 18, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
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.
