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Rabobank expects Australia's 2024/25 wheat crop to rise to about 27.4 million tonnes, while barley and canola output fall. Wheat planted area is forecast to increase 961,000 hectares to 13.48 million hectares.
A larger Australian wheat crop adds to international supply, while smaller barley and canola crops tighten those specific markets.
energynews.oedigital.comEnergy NewsJul 8, 2024After 1,006 past bearish report events, Wheat (SRW) 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.
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.
