# Feedgrain Focus: Trade selling drives down values - Beef Central

> Trade selling and long-position liquidation pushed Australian feedgrain values lower this week, with Chicago and MATIF contracts at recent lows. Wheat demand has eased as China and Saudi Arabia show little interest in Australian barley, and the wheat-to-sorghum spread narrowed from $100/t to under $60/t. The southern Queensland sorghum harvest is about 70 per cent complete.

- Date: 2019-03-04 · published 2019-03-04T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/60175-feedgrain-focus-trade-selling-drives-down-values-beef-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Softer export interest and heavy trader selling are pressuring Australian feedgrain prices, though limited grower selling should cap further declines. A narrower wheat-sorghum spread makes wheat more competitive in feed rations.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: neutral

## Sources

- beefcentral.com: https://www.beefcentral.com/lotfeeding/feedgrain-focus-trade-selling-drives-down-values/

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