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ABARES modelling projects Australian broadacre farm incomes falling about 41% in 2023-24 as dry conditions cut crop output, with wheat down 36% and barley down 26%. Oilseed production is forecast to drop 38%.
Sharp declines in Australian wheat, barley and oilseed output signal reduced feed and oilseed meal supply from the region, which supports local feed prices.
graincentral.comGrain CentralOct 9, 2023After 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.
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.
