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Domestic Australian feed grain prices remain historically high despite a 12% decline in feed wheat since October 2018, with feed wheat at $405/tonne, barley at $382/tonne and sorghum at $345/tonne. Global supply is in surplus, with new Eastern European supply and an upward revision in USDA global wheat ending stocks.
Australian domestic feed prices are decoupling from global levels, squeezing lotfeeder margins; if the 2019 crop recovers, domestic prices could ease toward world levels.
mla.com.auApr 18, 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.
