Loading…
Australian winter crop production is expected to reach about 51.3 million tonnes in 2024-25, the third-best harvest on record, on 23.6 million hectares planted. Above-average rainfall in eastern cropping regions and a developing La Nina support the outlook.
A large Australian winter crop adds export supply for wheat, barley and canola, which is bearish for international grain prices.
afdj.com.auelizabethJul 25, 2024After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
