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Queensland sorghum prices fell a further $15 a tonne last week to $255 delivered into Darling Downs markets, with similar declines in Brisbane and Newcastle. Good dry weather allowed rapid planting of a potentially large 2018 crop.
Fast planting progress and expectations of a big crop are weighing on Australian sorghum and feed grain values, which keeps domestic feed costs soft for buyers.
queenslandcountrylife.com.auLloyd George, Ag ScientiaNov 7, 2017Not 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.
