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Queensland and northern New South Wales received their first significant rain of 2019 after an extremely dry summer, benefiting late sorghum and cotton crops. Soil moisture across most Australian grain districts remains below normal.
Rain helps late Australian sorghum and sets up winter crop planting, but the crops are small and prospects remain weak, so impact on global sorghum prices is limited.
graincentral.comGuest AuthorMar 19, 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.
