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Australian wheat and barley prices firmed in the past week as consumers booked small amounts above export parity. Northbound road freight is tight as trucks prioritise grain and containers to port, while the Brisbane sorghum container market holds a premium on China demand.
Transport bottlenecks and firm export demand are supporting Australian feed grain values, raising local costs for feedmillers.
graincentral.comLiz WellsMar 1, 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.
