
Mecardo's analysis of ABARES' September report says Australian barley production is forecast near a record, at 14.55Mt, after a 14% upward revision. National barley yield is forecast at 3.05t/ha, the second-highest on record.
Canola production is steady year on year, with yields lifted to 1.89t/ha and forecast output up 19% from June.
A near-record Australian barley crop expands export supply of feed barley, which pressures world barley and feed-grain prices. Canola output gains add to oilseed meal supply.
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.