Feedgrain Focus: Trade thin in easing market

Wheat crops like this one are powering along in Victoria’s Wimmera region. Photo: Ryan Milgate

MARKETS for feed wheat, barley and sorghum have softened this week to prices that most growers are not prepared to take, while consumers have ratcheted back their buying in the hope of further falls.

Overshadowing the market is the groaning supply chain, particularly into Brisbane, Newcastle and Port Kembla, which is redirecting some tonnages, bought with export in mind, into the domestic market.