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Darling Downs feed wheat fell $10 to $430 per tonne as buyers retreated after rains in parts of South Australia and Victoria. Barley eased $7 to $15 per tonne in WA, SA and Victoria, while new-crop wheat bids dropped $4 to $5 per tonne.
Analysts expect further downgrades to the national wheat and barley crop after a dry September.
Rain eased immediate supply concerns and cut local feed grain prices, but expected crop downgrades in eastern Australia and WA could support prices later. Feed buyers face a mixed near-term outlook.
queenslandcountrylife.com.auLloyd George. Ag ScientiaSep 30, 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.
