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Deteriorating grain production prospects in Victoria and southern New South Wales have lifted Australian feedgrain prices over the past week. Sorghum for 2019 March/April delivery traded near A$380 per tonne in Brisbane after rising about A$10/t, while growers are holding back sales.
Reduced Australian crop prospects and limited farmer selling support local sorghum and feed barley prices, tightening export supply available to feed buyers.
beefcentral.comGuest AuthorOct 18, 2018Not enough comparable past events yet for a historical read.
Not 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.
