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Recent rain in NSW and southern Queensland has raised hopes of ending drought-feeding, but feedgrain buying has been light. ASW wheat was trading at about $470-480/t for prompt delivery on the southwest slopes, with barley $10/t higher and lupins at $600/t ex farm.
Brokers said prices were steady to softer and hay was the main focus.
Light buying and rain-eased drought pressure are holding local feedgrain values flat ahead of new crop. Grain is still scarce in some areas, so prices are unlikely to fall sharply until bulk-handling resumes.
beefcentral.comGuest AuthorOct 11, 2018
graincentral.comGuest AuthorOct 11, 2018Not enough comparable past events yet for a historical read.
Not 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.
