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Rain across Queensland and northern New South Wales has improved prospects for a larger Australian sorghum crop, with most southern Queensland summer cropping areas receiving at least 50mm in October. Seed sales have surged in districts with adequate rain, though drought conditions have not fully ended.
Better expected Australian sorghum output would add export supply competing with US sorghum into China, weighing on sorghum prices over the medium term.
graincentral.comGuest AuthorOct 23, 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.
