Blog Post

Feedgrain Focus: Markets sag as shorts disappear

A welcome week of mostly dry weather across eastern Australia has allowed grain to move with very few rain interruptions. Photo: CHS Broadbent, Ballarat

PRICES for feedgrain have fallen to reflect the disappearance of short positions and an improved flow of road transport during a week of very welcome dry weather for most districts.

While grower selling remains quiet ahead of the new financial year starting July 1, the trade appears to be unwinding some positions in the north especially.

Coupled with increased grower selling in the south, this week’s softer prices are encouraging…

Click to check the original article.