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Australian grain farmers in northern New South Wales are reporting a bumper harvest after favourable weather, while southern states have suffered frost and dry conditions. Federal forecasters expect about 50 million tonnes of grain this year.
Strong northern output offsets southern losses, leaving a large national grain supply that tends to weigh on export prices.
abc.net.auKath SullivanNov 21, 2024After 334 past bearish weather events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), 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.
