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Southern Australian new-crop wheat and barley prices firmed on limited grower selling amid a dry start to spring. Northern barley eased as harvest approaches, while sorghum firmed on ongoing Chinese interest.
Dry conditions in southern Australia raise yield risk and support wheat and barley values, while continued Chinese sorghum demand supports export prices.
ukragroconsult.comSep 13, 2024After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), 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.
