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Rain in New South Wales and Victoria has raised concerns about widespread downgrading of Australian wheat and barley through sprouting and staining. Northern feed grain prices dropped A$5-10 a tonne, while rain benefited summer crops such as sorghum and cotton.
Quality downgrades reduce available milling and malting supply and feed grade values fall, while rain-supported summer crop prospects weigh on feed grain prices.
ukragroconsult.comDec 1, 2023After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
