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Dry weather in southeastern Australia has limited pasture and kept delivered feed grain prices firm, and the tightness is spreading to track feed values. Farmers in northern areas are holding lupins as stockfeed due to concern over the season's rainfall outlook.
Wheat export sales have been sluggish, which is restraining trader interest in buying wheat.
Dry conditions and short pasture push up demand for grain-based feed, supporting barley and other feed grain prices. Weak wheat export demand offsets some of that strength in wheat.
basiscommodities.comMar 18, 2025Not enough comparable past events yet for a historical read.
After 334 past bearish weather events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
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.
