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ABARES expects Australia's 2024-25 winter crop to rise 9% to 51.3 million tonnes, the fifth highest on record. Wheat is forecast up 12% to 29.1Mt, barley up 7% to 11.5Mt and canola down 5% to 5.4Mt.
A bigger wheat and barley harvest from a major exporter would add supply to global feed grain markets and weigh on export prices, while lower canola output supports canola meal.
ukragroconsult.comJun 5, 2024
world-grain.comSusan ReidyJun 4, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 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.
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.
