Grain grower Lee Coleman at Croppa Creek in NSW reports harvest yields averaging four tonnes per hectare across 1000 hectares harvested so far at Yamboon. The crops of wheat, barley and chickpeas performed better than expected despite only 138 millimetres of in-crop rain, the fifth driest winter on his farm.
Stronger-than-feared yields in northern NSW add to Australian grain supply and may ease local feed grain tightness. The effect on world prices is limited, so the impact is modest.
After 335 past bearish weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.