Interestingly, the winter cereal crops in the north that were only harvested ~6m ago were, on the whole, very good. Just shows how strong the demand is in NNSW/QLD (record cattle-on-feed), while stocks are being very tightly held by growers given how poor the conditions are.
The great barley rally continues 📈.. well in NSW/QLD at least.
Delivered Downs barley is ~$430/t & the market is busy trying to calculate how close WA/SA supplies are to pricing a vessel to QLD. Southern markets are stronger on record export volumes & low grower selling.