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Australian sorghum values near A$290/t delivered Darling Downs and A$280/t Newcastle are not high enough to draw growers' unsold tonnes, and export buyers find them too expensive versus US corn and Argentine sorghum. Dry conditions in southern Queensland and northern NSW clouds the new-crop outlook, with rain needed before planting.
Uncompetitive export pricing and tight dry-season supply support local feedgrain values, leaving domestic feed users paying firm prices while export demand stays weak.
graincentral.comGuest AuthorAug 21, 2017Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
