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Australian grain exports from NSW and Queensland have slowed sharply, with GrainCorp holding no cereal cargoes out of NSW ports or Brisbane for January to June. Low winter-crop yields in Queensland and northern NSW are tightening domestic feedgrain supply, and sorghum and barley prices have risen.
Tight eastern Australian supply and rising domestic feed demand keep sorghum and barley prices firm and reduce export availability into international markets.
graincentral.comHenry WellsJan 23, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% 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.
