# Feedgrain focus: Buyers book tonnes ahead of forward crop fears - Grain Central

> 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.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/59205-feedgrain-focus-buyers-book-tonnes-ahead-of-forward-crop-fears-grain-central
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- CSM: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-08-30 | [Feedgrain Focus: Trade slows as crunch nears for borderline crops - Beef Central](https://feedsoft.ai/events/57652-feedgrain-focus-trade-slows-as-crunch-nears-for-borderline-crops-beef-central.md) | -2.8% | +0.9% |
| WHEAT | 2019-09-09 | [Feedgrain Focus: Prices firm as thin crops turn to hay - Beef Central](https://feedsoft.ai/events/57196-feedgrain-focus-prices-firm-as-thin-crops-turn-to-hay-beef-central.md) | -0.8% | +4.6% |
| WHEAT | 2019-08-22 | [Feedgrain Focus: Barley shapes up in fuzzy new-crop picture - Grain Central](https://feedsoft.ai/events/57539-feedgrain-focus-barley-shapes-up-in-fuzzy-new-crop-picture-grain-central.md) | +2.1% | +0.5% |
| WHEAT | 2017-04-28 | [Forecasts point to dry season ahead for WA croppers - Grain Central](https://feedsoft.ai/events/71432-forecasts-point-to-dry-season-ahead-for-wa-croppers-grain-central.md) | +2.4% | +1.5% |
| WHEAT | 2022-10-13 | [Feedgrain Focus: Rain limits access, lifts prices - Grain Central](https://feedsoft.ai/events/39200-feedgrain-focus-rain-limits-access-lifts-prices-grain-central.md) | +3.8% | +4.5% |

## Sources

- beefcentral.com: https://www.beefcentral.com/lotfeeding/feedgrain-focus-buyers-book-tonnes-ahead-of-forward-crop-fears/
- graincentral.com: https://www.graincentral.com/markets/feedgrain-focus-buyers-book-tonnes-ahead-of-forward-crop-fears/

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