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Southern Queensland and northern NSW have little winter crop planted, leaving large fallow areas ready for sorghum if enough rain falls. Subsoil moisture is below half of requirements, and agronomists advise growers to wait for at least another 50mm of rain before planting.
Limited soil moisture could restrict the sorghum crop and keep Australian feedgrain supply tight, supporting sorghum prices if rain stays short.
graincentral.comNeil LyonSep 7, 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.
