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ANZ analysis expects demand for Australian grains and oilseeds to intensify toward 2030 as export and domestic feed, food and industrial uses compete for supply. Australia averages about 10% of global wheat exports and about 20% of barley and canola exports.
Growing domestic feed demand competing with exports could tighten Australian barley and canola supply, supporting prices over the longer term.
anz.comMichael WhiteheadAug 27, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 57 past bullish macro events, Wheat (SRW) moved a median +0.3% over 5 sessions (65% higher; middle half -0.5% to +1.7%), and -0.7% over 20.
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.
