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Viterra's 2022-23 South Australian harvest intake has become the second largest in its history, passing 8.59 million tonnes and reaching 8.61 million. Viterra forecasts state winter-crop output at 12.98 million tonnes, a record above the 2016-17 mark.
A record South Australian crop confirms large regional supply, which is mildly bearish for wheat and barley prices in export markets.
graincentral.comGrain CentralJan 24, 2023After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
