Loading…
Australia's government trimmed its 2023-24 wheat estimate by 3% to 25.4 million tonnes, a 36% fall from the record harvest a year earlier. Barley and canola estimates were raised but remain well below last year.
Lower Australian wheat exports may leave international buyers such as China needing more imports, which supports global wheat prices.
ukragroconsult.comSep 6, 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.
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.
