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Rabobank's 2024/25 Australian winter crop forecast puts total production at 47.1 million tonnes, up 1% year on year but 13% below the five-year average. Drought-like conditions and late frosts cut output in South Australia and Victoria, while Queensland and New South Wales rose sharply.
A crop below the five-year average tightens Australian wheat and barley export availability, which supports prices for buyers sourcing Australian grain.
rabobank.com.auMedia Release DateOct 22, 2024After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
