Prices for feed wheat and barley have traded mostly sideways in the past week as growers in the north concentrate on harvesting sorghum, and those in the south sell pulses into the stronger market. Domestic consumers are seen as adequately covered out to July in some cases, although good-quality barley in the north is getting […]
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Prices for feed wheat and barley have traded mostly sideways in the past week as growers in the north concentrate on harvesting sorghum, and those in the south sell pulses into the stronger market. Domestic consumers are seen as adequately covered out to July in some cases, although good-quality barley in the north is getting hard to find. News over the weekend that the Black Sea Grain Initiative has been extended to at least May 18 has been bearish for global values, and trade sources say a pull-back in Australian grower selling has stopped the local market from following the softening offshore trend. Table 1: Indicative prices in Australian dollars per tonne. Despite some patchy rain, the sorghum harvest in southern Queensland and northern New South Wales has continued at pace in the past week. With rain forecast next week, growers are busy with getting their sorghum off and sold, defoliating early cotton crops and preparing for the winter-crop plant. A spike in the market late ...
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