# Feed grain update: Prices rally in June - Grain Central

> Australian feed grain prices rallied more than A$25/tonne in the first two weeks of June on disappointing weather for recently sown crops. Growers are holding old-crop stocks, and ABARES forecasts Australian 2017/18 wheat output at 24.19 Mt, down 30% from the prior bumper year.

- Date: 2017-06-15 · published 2017-06-15T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/70605-feed-grain-update-prices-rally-in-june-grain-central
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dry planting conditions and a smaller forecast wheat crop support feed grain prices, and buyers face firmer markets until rain arrives on the grain belt.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-08-28 | [FAS - Foreign Agricultural Service (via Public) / India: Grain and Feed Update](https://feedsoft.ai/events/17881-fas-foreign-agricultural-service-via-public-india-grain-and-feed-update.md) | +0.6% | +2.8% |
| CORN | 2022-10-18 | [Weekly Commodities Market Update: Price Gain across Grains](https://feedsoft.ai/events/39199-weekly-commodities-market-update-price-gain-across-grains.md) | -0.9% | -2.3% |
| CORN | 2018-03-05 | [Argentina drought bakes crops, sparks grain price rally](https://feedsoft.ai/events/65847-argentina-drought-bakes-crops-sparks-grain-price-rally.md) | +1.0% | +5.4% |
| CORN | 2021-07-16 | [Prices rally as Russian crop reduces: Grain market daily \| AHDB](https://feedsoft.ai/events/46105-prices-rally-as-russian-crop-reduces-grain-market-daily-ahdb.md) | -0.1% | -1.0% |
| CORN | 2017-01-24 | [SAM trumps Uncle Sam… - Grain Central](https://feedsoft.ai/events/72846-sam-trumps-uncle-sam-grain-central.md) | -0.4% | +0.7% |
| WHEAT | 2022-10-13 | [Feedgrain Focus: Rain limits access, lifts prices - Grain Central](https://feedsoft.ai/events/39200-feedgrain-focus-rain-limits-access-lifts-prices-grain-central.md) | +3.8% | +4.5% |
| 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 | 2019-03-27 | [Rain prospects remain unclear for April-June - Grain Central](https://feedsoft.ai/events/60011-rain-prospects-remain-unclear-for-april-june-grain-central.md) | -5.9% | -4.7% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/feed-grain-markets-more-nervous-that-a-cane-toad-at-fifitas-place/

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