Blog Post

Feedgrain Focus: Red Sea troubles set south’s firmer tone

The tail end of south-eastern Australia’s wheat and barley harvest suffered significant rain delays, and is now over for nearly all growers. Photo: Matt Rohde

EXPORT interest in ASW-type wheat has increased in the past fortnight as Asian consumers and global traders react to uncertainty about getting Black Sea and European wheat through the Red Sea, where Houthi attacks are heavily impacting container movements.

This is offsetting lacklustre spot demand in the domestic feedgrain market which finds itself well covered now that pastures are thriving in most regions and keeping livestock…

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