Dry weather keeps northern grain markets firm

Northern grain markets continue to edge higher as persistent dry weather stalls farmer selling and casts doubts over the size and timing of new crop plantings. Ongoing strength in US futures and shortages of grain trucks are also supporting prices.

Prices for wheat, barley and sorghum in southern Queensland and northern NSW strengthened last week as traders and end users dealt with the absence of farmer selling and the difficulty in accessing grain trucks. Logistical difficulties have become more acute in recent weeks with the absence of farmer trucks on the road, because they are busy planting winter crops.

Farmers are planting wheat and barley in Queensland and northern NSW and are hoping to see top-up falls this week with forecasts of unsettled weather.

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