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Australian feed grain export bids rose this week as the Australian dollar weakened and hot, dry weather hit North America's northern wheat regions. Nearby Australian wheat rose up to A$13/t, and sorghum prices were mixed.
Rain in southern Australia has waterlogged some crops, while dry weather in Queensland helped the sorghum harvest advance.
A weaker Australian dollar makes Australian grain cheaper for export, while North American dryness tightens global wheat supply, lifting feed grain values.
ukragroconsult.comJul 22, 2021Not enough comparable past events yet for a historical read.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
