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South Australia's Primary Industries and Regions SA forecasts a 2023-24 winter crop of 8.8 million tonnes, down 33% from last year's record 12.8 million. Barley area continues to shrink in favour of wheat, and concern remains about a drier late winter and spring linked to an El Niño alert.
A one-third drop in South Australian winter grain supply tightens feed grain availability, supporting barley and wheat prices for export buyers.
graincentral.comGrain CentralAug 22, 2023Not enough comparable past events yet for a historical read.
After 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.
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.
