Loading…
USDA FAS Grain and Feed Update for Australia forecasts 2024/25 wheat at 32 MMT, 7% above the 10-year average but down 1.9 MMT from earlier estimates. Barley is forecast at 12.2 MMT and sorghum at 2.4 MMT, above average.
Australian wheat and sorghum supply above average limits import demand and export competition shifts, a bearish supply signal for feed grains.
paradigmfutures.netParadigm FuturesNov 20, 2024After 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.
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.
