Dry finishes in south-western NSW and wet conditions in northern NSW and southern Queensland are pushing lightweight barley into the feed market as a blending option. Sorghum prices fell sharply after rain assured a large summer crop, and new business is being written at lower values.
Indicative Downs barley prices slipped to A$400/t for prompt and January delivery.
A large, cheap barley supply from southern NSW is flowing north by road and displacing feed grains in Queensland and northern NSW. This weighs on barley and sorghum values for feed buyers.
Not 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.