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Dry conditions and an early harvest in northern Australian cropping regions are shaping the season, with southern areas showing better crop potential. Growers are projected to produce a normal-sized crop, with barley near 10 million tonnes, canola about 5 million tonnes and wheat in the low 20 million tonnes.
Australian grain availability is reduced compared with recent record years but remains adequate, so the outlook gives feed buyers little reason to expect a sharp price move.
theland.com.auJames UrquhartSep 27, 2023After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
