Loading…
ABARES forecasts Australia's 2023-24 winter crop production to fall 33% to 46.1 million tonnes, slightly below the 10-year average, after three record crops. Summer crop output is forecast to drop 27% to 3.8 million tonnes.
A sharp drop in Australian wheat, barley and canola supply tightens export availability and supports global feed grain prices, especially barley and sorghum for feed buyers.
farmingportal.co.zaFeb 2, 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.
