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Australian national planting reached about 65% amid mixed conditions, with much of Western Australia, South Australia and Victoria sown but lacking rain for germination. Chickpeas have the brightest prospects after India removed tariffs on the pulse.
Dry sowing in key southern regions raises yield risk for wheat, barley and canola, supporting global feed grain prices if rain does not arrive.
graincentral.comLiz WellsMay 15, 2024After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), 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.
