# Feedgrain Focus: Rain flattens market in limited volume ahead of new-crop - Grain Central

> 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.

- Date: 2018-10-11 · published 2018-10-11T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62679-feedgrain-focus-rain-flattens-market-in-limited-volume-ahead-of-new-crop-grain
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: neutral
- BARLEY: neutral

## Sources

- beefcentral.com: https://www.beefcentral.com/news/feedgrain-focus-rain-flattens-market-in-limited-volume-ahead-of-new-crop/
- graincentral.com: https://www.graincentral.com/cropping/feedgrain-focus-rain-flattens-market-in-limited-volume-ahead-of-new-crop/

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