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ABARES long-term forecasts show Australian wheat production rising over the next two years, followed by weaker output before another lift. Canola production follows a similar pattern, with planted area fluctuating based on relative prices.
The analysis notes that ABARES price forecasts typically stay close to current values.
Multi-year production outlooks shape expectations for Australian export availability, but they carry limited near-term price impact given the long horizon.
mecardo.com.auAngus BrownApr 2, 2024After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
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.
