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Australia's grains industry was valued at more than A$28 billion in the latest ABARES data, with wheat earnings above A$15 billion. The value is up sevenfold since the late 1980s, and the sector has benefited from two consecutive record crops.
Industry figures say the recent weather helped, but a long-term upward trend in earnings is still possible.
This is background on the industry's scale and does not describe a new supply or demand change. It has little direct effect on prices.
farmonline.com.auGregor HeardApr 2, 2023After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
