Feedlots pricing new-crop wheat are basing bids on Central Queensland wheat due from September, where crops were planted on time into good moisture and benefited from follow-up rains. A trade source expects Sep-Oct Downs wheat to fall to $390-$400/t from current $420-$430/t, while January 2020 delivered Downs wheat is quoted at $380-385/t.
Yield prospects in northern NSW remain uncertain without further soaking rain.
Good CQ planting conditions and expected harvest supply point to cheaper new-crop wheat for feedlots, pressuring the old-crop premium on the Downs. Buyers should expect lower feed wheat costs into the 2020 season if rains hold.
Na 334 eerdere neerwaarts weer-gebeurtenissen bewoog Tarwe (SRW) zich mediaan -0,2% over 5 sessies (47% hoger; middelste helft -1,9% tot +1,7%), en -0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.