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Queensland sorghum bids rose $14 to $320 a tonne delivered into the Darling Downs, with similar gains into Brisbane and northern NSW. Buyers are growing nervous about how much grain has already been committed to China.
Chinese import demand for feed grains is lifting Australian sorghum prices and is tightening supply, supporting bullish price action for sorghum and corn.
queenslandcountrylife.com.auLloyd George, Ag ScientiaNov 30, 2020Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
