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Sorghum continues to trade at a premium to wheat and barley in southern Queensland ahead of harvest, at about A$205/t delivered Dalby. Planted area is sharply lower after dry conditions, and ethanol demand from the Dalby bio-refinery supports prices.
Traders say bulk exports are uneconomic at these levels.
Smaller plantings and drought-hit yields tighten local supply and keep sorghum above white grains, but a strong winter crop leaves feed grain plentiful, which caps the premium for feed buyers.
farmonline.com.auGregor HeardJan 31, 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.
