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Sorghum prices in Queensland and northern NSW rose by as much as $25 a tonne as buyers competed for supplies. Prices reached more than $260 delivered after unseasonably hot weather, with temperatures in the mid-40s sapping soil moisture across eastern Australia.
Heat stress is reducing crop prospects and farmer selling has slowed, tightening sorghum availability and supporting northern feed grain prices, though the effect on southern markets is expected to be limited.
stockandland.com.auLloyd George, Ag ScientiaFeb 14, 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.
