# NSW, Queensland dry decouples domestic wheat, barley prices from world rates - Grain Central

> Dry conditions in Queensland and northern NSW have left eastern Australian wheat and barley prices at premiums to world parity, keeping most of the region's new crop from export. Feedlots, pig and poultry operations are driving demand for wheat and barley over sorghum. Frost damage and poor yields have reduced crop potential, and growers are holding grain rather than selling.

- Date: 2017-09-26 · published 2017-09-26T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/69038-nsw-queensland-dry-decouples-domestic-wheat-barley-prices-from-world-rates
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Tight domestic supply and strong local feed demand support Australian wheat and barley prices, and push sorghum to a discount. Feed buyers in eastern Australia face higher barley and wheat costs.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-05-16 | [Dry weather and weaker dollar lifts grain prices
 \| Queensland Country Life \| QLD](https://feedsoft.ai/events/6787-dry-weather-and-weaker-dollar-lifts-grain-prices-queensland-country-life-qld.md) | -0.7% | +2.7% |
| WHEAT | 2020-10-08 | [Wheat price rally fuelled by Russia - Grain Central](https://feedsoft.ai/events/11635-wheat-price-rally-fuelled-by-russia-grain-central.md) | +0.0% | -0.6% |
| WHEAT | 2023-10-18 | [National wheat estimate shrinks, barley lifts - Grain Central](https://feedsoft.ai/events/33569-national-wheat-estimate-shrinks-barley-lifts-grain-central.md) | -1.9% | -3.8% |
| WHEAT | 2020-01-16 | [Grain prices rally after disappointing harvest \| Queensland Country Life \| QLD](https://feedsoft.ai/events/55032-grain-prices-rally-after-disappointing-harvest-queensland-country-life-qld.md) | -0.2% | -5.3% |
| WHEAT | 2019-08-18 | [Grain prices firm on WA crop concerns  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/57540-grain-prices-firm-on-wa-crop-concerns-queensland-country-life-qld.md) | -1.3% | -3.5% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/nsw-queensland-dry-decouples-domestic-wheat-barley-prices-from-world-rates/

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