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Countryman reports WA's 2023 grain harvest officially ended at about 14.5 million tonnes, far below the previous year's record 26Mt. CBH received 12.5Mt versus a record 22.7Mt, with wheat at 7.65Mt and barley at 3.65Mt.
The same WA shortfall reduces available wheat and barley supply for export and domestic feed use, supporting prices.
countryman.com.auAdam PoulsenFeb 14, 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.
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.
