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Eastern Australian wheat, barley and sorghum prices rose this week as buyers competed for grain while growers focused on planting winter crops. Road freight is tight and spot loads are very expensive, and grower deliveries are absent, lifting prompt bids.
Tight road transport and reduced farm deliveries push up prompt domestic feed grain prices in eastern Australia, raising costs for feed buyers.
graincentral.comLiz WellsApr 29, 2021After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
Not 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.
