# Sorghum prices strong | Namoi Valley Independent | Gunnedah, NSW

> 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.

- Date: 2018-03-07 · published 2018-03-07T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/66066-sorghum-prices-strong-namoi-valley-independent-gunnedah-nsw
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Drought-reduced local supply and strong feedlot demand keep Australian feed grain prices firm and narrow the premium for protein wheat.

## Read by commodity

- WHEAT: neutral
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-08 | [OPINION: If corn price stays strong, so will wheat. If not, sell both \| FarmersForum.com](https://feedsoft.ai/events/5275-opinion-if-corn-price-stays-strong-so-will-wheat-if-not-sell-both-farmersforum.md) | -1.5% | +4.4% |
| WHEAT | 2017-11-21 | [Farming News - Rabobank: Weather event among threats to global food price stability in 2018](https://feedsoft.ai/events/67910-farming-news-rabobank-weather-event-among-threats-to-global-food-price.md) | -0.0% | +0.1% |
| WHEAT | 2022-07-29 | [Dip in grain prices may linger but prices could strengthen - High Plains Journal](https://feedsoft.ai/events/40511-dip-in-grain-prices-may-linger-but-prices-could-strengthen-high-plains-journal.md) | +4.4% | -0.4% |
| WHEAT | 2019-10-11 | [Why strong monsoon rains are not necessarily good news for Indian farmers](https://feedsoft.ai/events/56514-why-strong-monsoon-rains-are-not-necessarily-good-news-for-indian-farmers.md) | +4.8% | +2.1% |
| WHEAT | 2018-02-07 | [Grain prices: a week of downward movements -  Premium](https://feedsoft.ai/events/66560-grain-prices-a-week-of-downward-movements-premium.md) | +0.3% | +2.2% |

## Sources

- nvi.com.au: https://www.nvi.com.au/story/5269818/sorghum-prices-strong/

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