Loading…
The Australian Bureau of Agricultural and Resource Economics weekly update reports low-pressure systems brought rain to northern and eastern Australia in the week to 20 February, while southern cropping regions received little to none. Tropical Cyclone Zelia brought over 400 millimetres to parts of Western Australia.
Rainfall was expected to be low over the following eight days, and global grain and oilseed output is likely to decline slightly from earlier forecasts.
Adequate eastern moisture supports average-to-above-average summer crop yields, which limits supply concerns for feed grains. The slightly lower global production outlook is mildly supportive for grain prices.
agriculture.gov.auFeb 27, 2025After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
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.
