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Australia expects smaller 2023/24 crops after three record years, with winter crop output forecast down 33% to 46.1 million tonnes according to ABARES. Summer crop production is forecast to fall 27% to 3.8 million tonnes.
Reduced Australian winter grain output tightens export supply, supporting wheat and barley prices for feed buyers.
ukragroconsult.comJan 25, 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.
