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Compounding rain and flooding in southern Australia are widening prompt versus new-crop price spreads as harvest delays and logistics issues persist. Grade spreads over feed have widened, and cottonseed prices have risen on flood-related transport problems in New South Wales.
Northern feedgrain values eased as Queensland and northern NSW new crop arrived.
Flood-related delays limit grain movement in the south, supporting nearby feed grain and cottonseed meal values, while northern supply keeps the north soft.
ukragroconsult.comNov 18, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
