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Tasmania's wheat crop is forecast at a record 87,200t from 16,000ha, but a slow, wet spring has delayed spring-planted barley and canola by up to a month. Waterlogging has caused disease and delayed fertiliser and fungicide application, though some areas look very good.
Tasmania is a very small grain producer, so these delays have little effect on global or feed grain prices. The effect is local to the Tasmanian crop.
graincentral.comLiz WellsNov 27, 2022After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), 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.
