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ABARES forecasts NSW 2018-19 sorghum at 540,000 tonnes, up from 430,000 tonnes last year, but planting has been limited by dry conditions. Some traders expect the crop will not exceed last year's without widespread rain.
Drought-limited sorghum plantings reduce regional feed grain supply, supporting sorghum and feed substitute prices in Australia.
theland.com.auLloyd George, Ag ScientiaJan 9, 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.
