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A lull in feedgrain consumption is prompting buyers, already covered to early December, to slow purchases while the winter crop is harvested. Barley bids have fallen rapidly to heavy discounts to wheat, prompting suppliers to book first-half 2020 sales, while Central Queensland wheat was booking feedlot slots around $420-425/t.
Slower buying combined with aggressive barley selling points to softer feed barley prices in the near term, with wheat holding firmer than barley.
beefcentral.comGuest AuthorNov 1, 2019Not 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.
