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Darling Downs feed barley reached $400/t after rising $20/t in a week and more than $50 over four weeks, as buyers competed for supply amid prolonged dry weather in eastern Australia. Grain is being trucked and railed in from Victoria, South Australia and the Mallee to southern Queensland, and sorghum prices fell after China dropped its anti-dumping investigation into US sorghum.
Drought-driven shortages and inland movement of grain are lifting eastern Australian feed barley prices, while China's sorghum decision weakens sorghum prices.
queenslandcountrylife.com.auLloyd George, Ag ScientiaMay 21, 2018Not 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.
