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Grain Central's feedgrain report says the wheat-barley spread narrowed in a thin market, with harvest deliveries slowed by weather but consumers largely covered into January. Indicative delivered prices show Downs barley at A$273 and Downs wheat at A$304 per tonne, while sorghum rose to A$370.
A narrower wheat-barley spread and rising sorghum prices shift feed substitution economics, and thin trading with heavy on-farm storage points to limited near-term price pressure.
graincentral.comLiz WellsDec 3, 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.
