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Australia's wheat harvest is underway and export supplies will soon reach the market. Australia produced 25.9 Mt of wheat last marketing year and averaged 29.8 Mt over five years, with USDA estimates also cited.
UK and European feed wheat and rapeseed futures were mixed.
Expected Australian export supplies add to global wheat availability, pressuring wheat prices, though strong US winter wheat ratings reinforce the bearish tone.
mainsitelive.azurewebsites.netNov 20, 2024Not enough comparable past events yet for a historical read.
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.
