Loading…
Severe frost hit South Australia's Mid North just as harvest began, with patches of damage also reported in western Victoria and the northern Riverina. Australian Crop Forecasters says the damage will not cut its national wheat estimate of 25.2 million tonnes but will cap any upward revision.
Frost damage limits upside to Australian wheat and barley estimates, supporting local prices modestly as export supplies stay under pressure.
farmonline.com.auGregor HeardNov 7, 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.
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.
