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Sellers raised asking prices on the Clear Grain Exchange, with wheat booked about $15/t above published bids and sorghum trading at new levels. Delivered Darling Downs wheat and barley for June and July rose another $20-25/t, and cottonseed prices firmed in northern markets.
Concern over the forward crop is pulling buyers into forward purchases and lifting feed grain values in Australia. Tighter nearby supply and firm barley and sorghum prices raise the cost of feed for local buyers.
beefcentral.comGuest AuthorMay 31, 2019
graincentral.comHenry WellsMay 30, 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.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
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.
