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Wheat and barley prices fell in Queensland last week as southern crops came in better than expected. Sorghum prices kept climbing on trader short covering.
ABARES raised its 2020-21 winter crop estimate to 51.5 million tonnes, and Queensland sorghum area is forecast to rise 22% above the 10-year average.
Heavier southern wheat and barley supplies are weighing on Australian feed grain prices. Sorghum is firming on short covering and a larger planted area that could limit future supply.
queenslandcountrylife.com.auLloyd George, Ag ScientiaDec 7, 2020Not 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.
