Sorghum remains the most volatile of the feed grains this week. Track Brisbane and Newcastle bids continue to creep up on the back of warmer weather, quality concerns and supportive news out of China. However, growers seem to be happy to watch the bids rise rather than continue with their forward sales. Production risk is apparent with many growers concerned about being oversold. As we are seeing price fluctuations, please contact the office on 1300 281 228 for firm bids.
Wheat and barley are largely unchanged in the northern feed markets with consumers showing limited interest for volume in the nearby. SFW wheat delivered Darling Downs currently bid at $327 and F1 barley delivered Darling Downs offered mid $330s for March with no bid. In the south ASW wheat delivered Geelong/Melbourne has traded at $267 with F1 barley delivered Geelong/Melbourne at $260.
Please note, all prices are correct at time of writing and are subject to change.
For further information, please contact us on 1300 281 228.