Loading…
Sorghum values in south Queensland rose about $10 a tonne the week to February 19, with Darling Downs bids at $354 delivered and Brisbane at $362. Harvest yields are coming in near three tonnes a hectare, below pre-harvest expectations of 3.5, and high screenings from a hot, dry finish are cutting grade.
Lower Australian sorghum output and quality issues tighten feed-grain supply for domestic feedlots and mills, supporting sorghum prices and encouraging substitution toward corn or barley.
queenslandcountrylife.com.auLloyd George, Ag ScentiaFeb 19, 2019Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
