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Australia's south-eastern wheat harvest is wrapping up with average to above-average yields; ABARES puts SA wheat at 4.7Mt and Vic at 4Mt. SA and Vic cash wheat prices fell through December and January as harvest progressed.
Large Australian supply plus a strengthening Australian dollar (near 0.70) is pressuring export wheat values, weighing on prices for feed grain buyers.
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.