Australia's barley and canola crops could set records this harvest after a strong growing season in southern Australia. Collated estimates put barley around 16.3Mt or higher and canola at 7.8Mt or more, while the national wheat crop is seen near 31Mt and not expected to reach the top five.
Record Australian barley and canola supplies add to export competition for feed grains and oilseed meal, which is mildly bearish for barley and canola prices in export markets.
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.