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Australian domestic feedgrain prices for wheat, barley and sorghum eased in the past week as the Queensland sorghum harvest adds supply and container logistics constrain demand. Only one bulk shipment is scheduled out of Brisbane.
Harvest pressure and limited export logistics are pushing Australian feedgrain prices lower, and sorghum's premium may erode enough to let it displace wheat and barley in rations.
graincentral.comLiz WellsMar 11, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% 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.
