# Lower grain prices contribute to dip in commodities index: NAB - Grain Central

> The NAB Rural Commodities Index fell 2% in November, driven by lower grain, wool and lamb prices. Eastern Australian winter crops were below average, although Western Australia had an above-average harvest.

- Date: 2018-12-17 · published 2018-12-17T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/61648-lower-grain-prices-contribute-to-dip-in-commodities-index-nab-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Softer grain prices in the index point to some easing in Australian feed costs, although domestic grain prices remain elevated.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- graincentral.com: https://www.graincentral.com/markets/lower-grain-prices-contribute-to-dip-in-commodities-index-nab/

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