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Sorghum values in Queensland rallied in the past week as scorching temperatures arrived across southern Queensland during planting. Bids reached $364 a tonne delivered to Darling Downs markets after falling from $425 in late October, and growers are doubting early forecasts of a 2 million tonne-plus national harvest.
Heat and dry soils raise concern over the early planted Australian sorghum crop, which supports local prices. The effect on global sorghum supply is limited while the crop is still being planted.
queenslandcountrylife.com.auLloyd George, Ag ScientiaNov 5, 2018Not 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.
