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New Zealand arable farmers are planting less autumn feed grain, with indicated plantings of feed wheat, barley and oats down 9,200 hectares on 2018. Milling wheat plantings rose 1,000 hectares as growers favour strong lamb prices and milling contracts.
Lower NZ feed grain area reduces local domestic feed supply, while stronger lamb returns and milling contracts shift land toward food-grade wheat; the effect on global feed prices is minor.
farmersweekly.co.nzAnnette ScottMay 7, 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.
