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Domestic wheat cash markets in Australia halted their recent decline and gained $5 to $10 week-on-week, mainly on favourable overseas moves. Special Feed Wheat into Griffith was trading up to $350 a tonne delivered in May, and 18/19 APW was up $5 at $365 in Port Kembla.
Canola plantings in NSW are estimated down about 65% year on year as dry conditions pushed growers toward wheat and barley.
Firmer Australian feed wheat prices and a shift of area from canola to wheat and barley add to local feed grain supply, while the canola cut tightens oilseed meal availability in the region.
theland.com.auMatt WallisMay 21, 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.
