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Sorghum prices in northern NSW and Queensland are well above last year, after a poor season and hot weather lifted demand from feedlots and graziers. Delivered prices reached about A$330 per tonne in Brisbane and A$315 to the Downs.
Margins between protein and feed markets have narrowed.
Drought-reduced local supply and strong feedlot demand keep Australian feed grain prices firm and narrow the premium for protein wheat.
nvi.com.auStephanie van EykMar 7, 2018Not enough comparable past events yet for a historical read.
After 224 past neutral weather events, WHEAT moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
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.
