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Australian sorghum demand is quiet, with dry conditions in northern NSW and Queensland and patchy rain in central NSW. The article also recaps the June USDA report, which cut US corn yields by 10 bushels per acre and kept global 2019/20 production at record levels.
The US corn yield cut supports feed grain prices broadly, while Australian dryness limits export supply of sorghum and barley-type feedgrains.
theland.com.auBridie GeorgeJun 18, 2019Not enough comparable past events yet for a historical read.
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.
