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Tight logistics lifted northern Australian cereal prices, while harvest pressure weighed on barley in Victoria and South Australia. Good NSW wheat quality narrowed grade spreads, and large volumes of low-quality grain are expected in January.
Regional supply imbalances keep northern feed grain firm while southern barley softens, and expected January low-grade volumes could add further pressure on prices.
ukragroconsult.comDec 9, 2022Not enough comparable past events yet for a historical read.
After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), 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.
