# Sorghum buyers go to ground as rain impacts wheat - Grain Central

> Traders and end-users are holding off on extending near-term coverage of sorghum while waiting for the wheat premium over sorghum to narrow. Rain of 30-150 mm in Queensland and northern NSW has improved summer crop prospects but damaged wheat quality through screenings and weather damage. Narrabri sorghum values softened to about $260/t for new crop.

- Date: 2017-10-20 · published 2017-10-20T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/68526-sorghum-buyers-go-to-ground-as-rain-impacts-wheat-grain-central
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Improved summer crop prospects weigh on sorghum and feed grain prices, while wheat quality losses could limit feed wheat's premium and shift buying toward sorghum.

## Read by commodity

- BARLEY: neutral
- KWHEAT: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2023-07-07 | [Wheat's turn-around on improved global rainfall \| Stock Journal \| SA](https://feedsoft.ai/events/35091-wheat-s-turn-around-on-improved-global-rainfall-stock-journal-sa.md) | -4.3% | -9.0% |
| KWHEAT | 2024-10-31 | [Wheat Futures Lose Ground as Rainfall Eases Dryness](https://feedsoft.ai/events/27900-wheat-futures-lose-ground-as-rainfall-eases-dryness.md) | -0.3% | -8.6% |
| KWHEAT | 2018-03-19 | [U.S. grains: Wheat tumbles as rains cross drought-hit Plains - Grainews](https://feedsoft.ai/events/8007-u-s-grains-wheat-tumbles-as-rains-cross-drought-hit-plains-grainews.md) | -4.1% | -4.3% |
| KWHEAT | 2024-03-06 | [Grain Markets: Can We Expect a Rally in Wheat, Corn, and Soybeans Anytime Soon?](https://feedsoft.ai/events/7304-grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon.md) | +5.4% | -1.9% |
| KWHEAT | 2018-03-16 | [K.C. Wheat Tumbles, Rain Heads to Kansas](https://feedsoft.ai/events/8008-k-c-wheat-tumbles-rain-heads-to-kansas.md) | -8.3% | -3.5% |

## Sources

- graincentral.com: https://www.graincentral.com/cropping/sorghum-buyers-go-to-ground-as-rain-impacts-wheat/

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