Harvest is accelerating across Australia's grainbelt, with Queensland and northern New South Wales reporting above-average cereal yields and about three-quarters of the barley crop cut. Lachstock estimates the national wheat crop at 36.6Mt and barley at 14.99Mt.
Strong yields and rising harvest volumes add to export availability of wheat and barley, reinforcing downward pressure on international feed grain prices.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.