**"May Market Analysis: Current Trends and Opportunities"**

Market Update:

- - Futures markets tracking global events, but Australian cash markets more subdued.

- - Old crop markets firm on the East Coast while grower engagement slows as attention shifts to sowing and summer crops.

Sorghum Market:

- - Sprouting issues affecting sorghum quality with varied market responses.

- - Domestic consumers picking up off-grade sorghum at discounts.

Canola Price Movement:

- - Canola prices rallying due to global factors including weather concerns.

- - Growers capitalizing on higher prices for old crop canola.

Commodity Market Trends:

- - Values of most commodities sliding, with wheat and barley down in particular.

- - Canola prices below those seen at harvest time.

Technology in Agriculture:

- - Growers focusing on decision-making for the upcoming season amidst fluctuating prices.

- - Technology aiding growers in making informed choices for 24-25 season.

Grain Market Pressures:

- - Lower pricing prospects as wheat prices dip.

- - Market challenges due to massive corn crops and global pressures.

Weather Impact on Harvest:

- - Rainfall affecting harvest progress in various regions.

- - Attention on ground preparation for upcoming winter crops.

Market Outlook:

- - Global tensions affecting market declines, with US-China wheat trade tensions.

- - Wheat pricing responding to cancellations from US and China.

Harvest Progress:

- Queensland and Northern NSW have finished 50-60% of the harvest, with Central NSW at about 50%. Southern NSW is seeing more activity in canola and barley paddocks.

- Harvest in the northern part of the Port Kembla zone is already 10% completed, well ahead of previous years.

Weather Impact:

- Dry weather has affected sorghum production, although recent weeks have been generally favorable for most grain producing regions.

- Harvest activity has increased across northern cropping regions, leading to decreasing prices.