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ABARES expects Australia's winter crop to fall 33% to 46.1 million tonnes after three record years. Summer crop output is forecast down 27% to 3.8 million tonnes, slightly above the 10-year average.
A sharp fall in Australian winter grain output reduces export availability and supports wheat and barley prices in international markets.
world-grain.comSusan ReidyJan 23, 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.
