Loading…
Australia's sorghum harvest is producing strong yields, with Queensland pockets reaching around 8 t/ha after storm rain and consistent yields of 4-4.5 t/ha elsewhere. Mouse damage was an issue in parts of NSW, and prices held near $270 a tonne delivered upcountry and about $300 a tonne at port on Chinese demand.
A large domestic crop eases local supply, but firm Chinese feed and alcohol demand keeps prices high. Net price direction for export sorghum is therefore roughly neutral.
farmonline.com.auGregor HeardMay 12, 2021Not 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.
