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Grain Industry Association of WA final estimates put the 2023-24 WA grain harvest at 14.53 million tonnes, up 2% from December but about half the record 2022 and 2021 crops. Quality was good, with wheat, barley and canola among the main crops.
A WA harvest roughly half the prior record reduces Australian export supply of wheat and barley, supporting feed grain prices.
graincentral.comLiz WellsFeb 13, 2024After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
