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GrainCorp received 6.8 million tonnes of grain at its NSW up-country sites as of January 6, more than double the 2023 season. Grain quality was better than expected, and east coast grain prices have trended lower over the holiday period as farmers hold back supplies.
Strong NSW receivals and better quality add to Australian export supply, while reluctant farmer selling limits downside, leaving prices mixed for feed buyers.
theland.com.auLloyd George, Ag ScientiaJan 8, 2025After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
