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Sorghum crops in the Gunnedah area are suffering from extreme summer heat and limited moisture, with yields around half of normal. The planted area is down by roughly 50 per cent in the local area as cotton has taken up land, and some sorghum is of lower quality.
A sharply smaller planted area and halved yields reduce regional sorghum supply, supporting prices for feed buyers while cotton expansion shifts acreage away from grain.
nvi.com.auVanessa HöhnkeFeb 27, 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.
