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Australian wheat and barley acreage is expected to expand in 2024/25 on favorable weather and Chinese demand following removal of punitive duties. Canola plantings may decline 4-20% due to lower yields and western dryness.
Canola production is projected to fall by 0.7-1 million tons to 4.6-5 million tons.
Lower canola output reduces oilseed meal supply, supporting canola meal prices, while larger grain crops add export supply.
ukragroconsult.comApr 8, 2024Not enough comparable past events yet for a historical read.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
