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Sorghum prices in Queensland rose sharply last week as buyers rushed to secure supplies after unseasonably hot weather cut crop prospects. Early harvest in southern Queensland shows disappointing yields and high screenings, with prices up as much as $25 a tonne to over $260 delivered Brisbane.
Expected shortfall against ABARES forecasts and weak quality push buyers into the market, supporting sorghum prices and reducing the discount available for lower-grade grain.
queenslandcountrylife.com.auLloyd GeorgeFeb 13, 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.
