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A USDA attaché report puts Australian 2023/24 wheat output at 25.5 million tonnes and barley at 10.5 million, both below last year's record but near 10-year averages. Wheat exports are seen falling to 19 million tonnes from 31.82 million, and barley exports to 6 million from 7.77 million.
Export declines from Australia reduce global wheat and barley supply, but near-average crops limit the price impact for feed buyers.
ukragroconsult.comJan 29, 2024After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
