# Feedgrain focus: Dry in NSW drains stored reserves - Grain Central

> Worsening drought in New South Wales is lifting feedgrain values, which appear to have reached a ceiling of about $400 per tonne delivered Darling Downs. Graziers in northern, central and parts of southern NSW are buying feed hand-to-mouth for sheep and cattle as pastures dwindle and hay supply tightens. Cottonseed prices are about $50/t higher since April on strong grazier demand, while the export market is slow because Australian cottonseed is uncompetitive at current values.

- Date: 2018-05-24 · published 2018-05-24T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/65132-feedgrain-focus-dry-in-nsw-drains-stored-reserves-grain-central
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Drought-driven grazier demand is tightening Australian feedgrain and cottonseed supplies and supporting local prices, with hand-to-mouth buying adding a premium. Export competitiveness for cottonseed is being squeezed, which may keep domestic values firm.

## Read by commodity

- CSM: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-11-17 | [Feedgrain Focus: Rain reignites southern inverse - Grain Central](https://feedsoft.ai/events/38798-feedgrain-focus-rain-reignites-southern-inverse-grain-central.md) | +1.0% | -0.5% |
| WHEAT | 2018-07-26 | [Feedgrain Focus: Prices rise as dry conditions add fuel to fire - Grain Central](https://feedsoft.ai/events/12410-feedgrain-focus-prices-rise-as-dry-conditions-add-fuel-to-fire-grain-central.md) | -1.5% | -1.7% |
| WHEAT | 2018-09-20 | [Feedgrain Focus: WA frost and eastern dry lift values - Grain Central](https://feedsoft.ai/events/63096-feedgrain-focus-wa-frost-and-eastern-dry-lift-values-grain-central.md) | +0.1% | +7.9% |
| WHEAT | 2022-10-13 | [Feedgrain Focus: Rain limits access, lifts prices - Grain Central](https://feedsoft.ai/events/39200-feedgrain-focus-rain-limits-access-lifts-prices-grain-central.md) | +3.8% | +4.5% |
| WHEAT | 2021-06-18 | [Feedgrain Focus: Sorghum wriggles into rations - Beef Central](https://feedsoft.ai/events/46648-feedgrain-focus-sorghum-wriggles-into-rations-beef-central.md) | -7.5% | -11.2% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/feedgrain-focus-dry-in-nsw-drains-stored-reserves/

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