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Northern NSW sorghum prices rose sharply last week, with new-season sorghum climbing above A$280/t delivered Newcastle, up about A$15/t week on week. Searing heat and no rain are stressing crops around Moree, and forecasts show no near-term relief.
Dry weather cutting the expected crop size supports higher feed sorghum prices in Australia, which tightens feed-grain supply for local buyers and can lift barley and corn alternatives.
theland.com.auLloyd George, Ag ScientiaJan 16, 2018Not enough comparable past events yet for a historical read.
Not 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.
