# Feedgrain Focus: CQ wheat guides new-crop pricing - Beef Central

> Feedlots pricing new-crop wheat are basing bids on Central Queensland wheat due from September, where crops were planted on time into good moisture and benefited from follow-up rains. A trade source expects Sep-Oct Downs wheat to fall to $390-$400/t from current $420-$430/t, while January 2020 delivered Downs wheat is quoted at $380-385/t. Yield prospects in northern NSW remain uncertain without further soaking rain.

- Date: 2019-06-28 · published 2019-06-28T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58713-feedgrain-focus-cq-wheat-guides-new-crop-pricing-beef-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Good CQ planting conditions and expected harvest supply point to cheaper new-crop wheat for feedlots, pressuring the old-crop premium on the Downs. Buyers should expect lower feed wheat costs into the 2020 season if rains hold.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-02 | [Feedgrain Focus: New-crop prices tumble on forecast rain - Grain Central](https://feedsoft.ai/events/7490-feedgrain-focus-new-crop-prices-tumble-on-forecast-rain-grain-central.md) | -4.8% | -9.9% |
| WHEAT | 2019-06-13 | [Feedgrain Focus: Diverging seasons split wheat, barley market - Grain Central](https://feedsoft.ai/events/58668-feedgrain-focus-diverging-seasons-split-wheat-barley-market-grain-central.md) | -5.8% | -8.1% |
| WHEAT | 2021-03-18 | [Feedgrain Focus: Rain, full supply chain pressure prices - Grain Central](https://feedsoft.ai/events/12400-feedgrain-focus-rain-full-supply-chain-pressure-prices-grain-central.md) | +0.9% | -3.3% |
| WHEAT | 2025-10-16 | [Feedgrain Focus: Barley rallies amid dry, increased buying - Grain Central](https://feedsoft.ai/events/22469-feedgrain-focus-barley-rallies-amid-dry-increased-buying-grain-central.md) | +0.6% | -2.3% |
| WHEAT | 2020-03-18 | [Australian wheat crop forecast at 21.4-27.9Mt as seeding starts - Grain Central](https://feedsoft.ai/events/54098-australian-wheat-crop-forecast-at-21-4-27-9mt-as-seeding-starts-grain-central.md) | -5.7% | -1.5% |

## Sources

- beefcentral.com: https://www.beefcentral.com/lotfeeding/feedgrain-focus-cq-wheat-guides-new-crop-pricing/

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