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Prompt wheat, barley and sorghum prices firmed in eastern Australia over the past week as consumers bid to fill requirements. Road transport is in limited supply, and quality problems with some sorghum loads at Brisbane terminals further restrict trucks, while growers are busy planting.
Limited trucking capacity and consumer shortfalls into May-June lift prompt feed grain prices in Australia, raising costs for domestic feed buyers.
graincentral.comLiz WellsApr 22, 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.
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.
