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June rainfall has eased concerns over Australia's winter crop, which is almost fully planted. Crops in South Australia's South East and Victoria's Western District are lagging after the driest first half of the year since 1967.
If these lagging crops yield below average, graziers will need to buy more grain and feed, which could support domestic feed grain prices.
ukragroconsult.comJun 27, 2024Not enough comparable past events yet for a historical read.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
