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Australia's 2024-25 winter crop sowing is underway with only about 3% of national area planted so far. Australian Crop Forecasters estimate wheat area at 13.6 million hectares, barley at 4.4 million hectares, and canola down 4% at 3.2 million hectares.
Dry conditions in Western Australia may cut planting and further reduce canola.
Lower WA canola area and dryness point to tighter canola supply, while firm Chinese barley demand supports barley prices.
graincentral.comLiz WellsApr 10, 2024Not enough comparable past events yet for a historical read.
Not 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.
