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Rural Bank forecasts Australia's 2024 wheat exports at 17.8 million tonnes, down 44% from the 2023 record of 31.8 million. Barley exports are forecast at 6.9 million tonnes versus 8.2 million, with China taking 74% of exports so far.
Lower Australian wheat and barley export supply reduces global feed grain availability, while heavy dependence on Chinese barley demand adds price risk.
aapnews.aap.com.auFeb 10, 2024After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
