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Southern Queensland sorghum prices rose to seasonal highs as buyers competed for scarce number one grade. A hot, dry summer cut yields and downgraded quality, and the total Queensland crop is expected to be well under one million tonnes, the smallest in about 20 years.
A sharply smaller crop and a shortage of export-grade sorghum support prices and push number one grade above wheat, raising feed costs for buyers who need quality grain.
queenslandcountrylife.com.auLloyd George, Ag ScientiaApr 24, 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.
