Australian Feedgrain Prices Firmed Up Amid Logistics Concerns

Feedgrain prices have firmed up after a dry fortnight in Australia. Wheat and barley values have increased by at least $5 per tonne due to concerns about logistics rather than overall supply at harvest.

Stewart Grain trader Robert Quinn said the market has firmed in the past week, with freight rates lifted by dearer diesel coupled with dry conditions as the main contributing factors. Crops are going backwards and needed a drink but didn't get it, he added.

The north's tough finish is expected to put some newer barley varieties to the test. If low testweights result from the dry finish, light barley may be held by growers for later sale, blending, or on-farm use.