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ABARES forecasts Australia's agriculture sector value at A$88.4 billion in 2024-25, up A$6 billion, with the second-highest production value on record. Higher livestock prices are the main driver, and winter crop volumes are up 16% to 55.1Mt despite losses in South Australia and Victoria.
Strong livestock values and red meat export demand support cattle prices, while the larger winter crop adds to grain supply. Overall the impact on feed prices is limited.
agriculture.gov.auDec 3, 2024After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% 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.
