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Australian feedgrain offers for wheat and barley firmed on export demand from Western Australia, and China is rumoured to have booked 300,000 tonnes of Australian wheat for February-March shipment. Sorghum planting in Queensland and northern NSW has been patchy and late, with yield prospects uncertain.
Chinese purchases and uncertain sorghum supply tighten the domestic Australian feedgrain balance, supporting prices for feed buyers in the near term.
graincentral.comLiz WellsJan 30, 2020After 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.
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.
