Loading…
ABARES expects Australian wheat and barley production in 2024/25 to exceed earlier forecasts and last year's crop, at 31.8 Mt and 12.2 Mt respectively. Lentil output is forecast up 7% to 1.7 Mt, and chickpea output up 171% to 1.3 Mt.
Larger Australian wheat and barley crops add export supply during a period of low prices, which is bearish for feed grain values.
marketsfarm.comPhil Franz-WarkentinSep 3, 2024After 1,006 past bearish report events, WHEAT 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.
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.
