# Grain prices surge as crop sink | Queensland Country Life | QLD

> Australian grain futures rose about 5% last week as expectations for the 2018 winter harvest fell. ASX January wheat ended $20 higher at $445/t and barley jumped $38 to $438/t, with northern port bids also rising. Intensive livestock feeders returned to buying amid dry September weather and frosts.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/62991-grain-prices-surge-as-crop-sink-queensland-country-life-qld
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Falling crop expectations and renewed feeder buying push feed grain prices higher, raising input costs for animal feed buyers.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-08-18 | [Grain prices firm on WA crop concerns  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/57540-grain-prices-firm-on-wa-crop-concerns-queensland-country-life-qld.md) | -1.3% | -3.5% |
| WHEAT | 2016-05-16 | [Dry weather and weaker dollar lifts grain prices
 \| Queensland Country Life \| QLD](https://feedsoft.ai/events/6787-dry-weather-and-weaker-dollar-lifts-grain-prices-queensland-country-life-qld.md) | -0.7% | +2.7% |
| WHEAT | 2020-01-16 | [Grain prices rally after disappointing harvest \| Queensland Country Life \| QLD](https://feedsoft.ai/events/55032-grain-prices-rally-after-disappointing-harvest-queensland-country-life-qld.md) | -0.2% | -5.3% |
| WHEAT | 2019-06-17 | [North braces for ongoing tight grain supplies  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/58546-north-braces-for-ongoing-tight-grain-supplies-queensland-country-life-qld.md) | -6.1% | -8.7% |
| WHEAT | 2019-10-21 | [Smallest national wheat crop in a decade  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/56538-smallest-national-wheat-crop-in-a-decade-queensland-country-life-qld.md) | -2.2% | -0.1% |

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/5663143/grain-prices-surge-as-crop-expectations-sink/

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