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Queensland and NSW sorghum values rose over recent weeks on reported export sales to China, with new-crop Darling Downs bids up $25 to about $295. Chinese feed grain imports are also running well above last year, with corn imports up about a third year to date.
Strong Chinese demand for Australian sorghum, mostly for alcohol production, supports local feed grain prices and competes with US sorghum for export business. Wheat and barley also firmed on global strength.
queenslandcountrylife.com.auLloyd George, Ag ScientiaAug 31, 2020Not enough comparable past events yet for a historical read.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
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.
