Blog Post

Feedgrain Focus: Prices drop on global signals, sell-side pressure

Outloading sorghum near Goondiwindi last week and destined for a container packer. Photo: Dave Beare

WHEAT and barley prices have fallen by up to $22 per tonne in the past week as domestic values factor in the softer global market, and sell-side pressure is seen for the first time since sowing started in April.

On the logistics side, trade sources report trucks are a fraction easier to get, and while wet conditions are slowing grain movements in some districts, growers who have finished planting their winter crop now have time to deliver a load or two.

This has eased the squeeze on…

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