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Australian feedgrain prices firmed in a thin market as hail and downpours disrupted harvest in southern Queensland and northern NSW. Growers are cutting crops for hay, tightening local grain supplies, and spot grain prices are rising.
Tighter prompt supply and cutting of grain crops for hay keep the inverse between current and new-crop prices intact, supporting spot feed grain values until harvest pressure arrives in January.
graincentral.comGuest AuthorOct 3, 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.
