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Worsening drought in New South Wales is lifting feedgrain values, which appear to have reached a ceiling of about $400 per tonne delivered Darling Downs. Graziers in northern, central and parts of southern NSW are buying feed hand-to-mouth for sheep and cattle as pastures dwindle and hay supply tightens.
Cottonseed prices are about $50/t higher since April on strong grazier demand, while the export market is slow because Australian cottonseed is uncompetitive at current values.
Drought-driven grazier demand is tightening Australian feedgrain and cottonseed supplies and supporting local prices, with hand-to-mouth buying adding a premium. Export competitiveness for cottonseed is being squeezed, which may keep domestic values firm.
graincentral.comHenry Wells2018年5月24日历史可比事件尚不足，暂无法给出历史解读。
在过去 1,072 次看涨的天气事件之后，小麦(SRW) 在 5 个交易日内中位数变动 +0.2%（55% 上涨；中间一半区间为 -1.4% 至 +2.3%），20 个交易日内为 +0.3%。
历史可比事件尚不足，暂无法给出历史解读。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
