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Eastern Australian sorghum harvest is wrapping up with below-average yields after a hot, dry summer. Queensland growers report prices holding above $300 per tonne for some time, which cushions the yield shortfall.
Below-average Australian sorghum yields support prices and may lift export competitiveness for buyers seeking alternative supply, such as China. Price strength is supported but the impact on global feed prices is limited.
graincentral.comNeil LyonMay 14, 2019Not 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.
