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Viterra reports 3.24 million tonnes received from South Australia's 2024 winter crop, with total production likely at 5.9 million tonnes. That is down about 32% from the prior year due to a lack of rain, and wheat makes up about 55% of the state crop.
A sharp drop in South Australian output tightens local wheat and barley supply, which is supportive for prices and export availability.
thesouthaustralian.com.ausouthauJan 27, 2025After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), 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.
