# Feedgrain Focus: Limited grower selling supports new-crop

> Australian feedgrain values eased about $5/t in the past week as Victorian and southern NSW growers sold surplus old-crop stock. New-crop markets had little liquidity, and farmers were largely absent from selling as yield prospects for barley and wheat were consolidating.

- Date: 2019-08-01 · published 2019-08-01T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58187-feedgrain-focus-limited-grower-selling-supports-new-crop
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Thin new-crop selling supports forward barley and wheat prices, and any adverse weather in the second half of winter could trigger a sharp rally as buyers cover positions.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Sources

- beefcentral.com: https://www.beefcentral.com/lotfeeding/feedgrain-focus-limited-grower-selling-supports-new-crop/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.