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South Australia's 2023/24 crop harvest exceeded expectations, with production estimated at 9.3 million tonnes and strong grain prices. The state crop and pasture report was released on February 17, 2024.
A better-than-expected South Australian crop adds regional supply and helps cushion the tight Australian export picture for feed grains.
whyallanewsonline.com.auHui JinFeb 17, 2024After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
