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Australian sorghum production this season is well below average, the smallest crop in 20 years, but demand is at a multi-year low. Growers face global feed grain competition, and China's shift from importer to producer is capping prices, with only a small premium over feed wheat and barley in Queensland.
Abundant global feed grains and weak sorghum demand keep upside limited despite a short Australian crop, so feed buyers can expect limited price support for sorghum.
farmonline.com.auGregor HeardMar 14, 2017Not enough comparable past events yet for a historical read.
Not 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.
