Blog Post

Feedgrain Focus: Market softens on forecast rain

This wheat crop at Allora on the Darling Downs is a few weeks away from harvest and is on target to achieve average yields.

PRICES for wheat and barley have dropped by up to $15 per tonne on the forecast for 10-25mm for much of south-eastern Australia’s grainbelt next week.

The fall would be enough to arrest a slide in yield potential being seen in many wheat and barley crops on the outer slopes and plains, where subsoil-moisture reserves are down to the wire.

With new crop starting to hit the bins from Central Queensland to South Australia, and road and sea-freighted grain coming into…

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