Loading…
A Grain Industry Association of Victoria crop tour estimated Victorian Mallee wheat yields at 3.52 t/ha, double the 2021 level, implying about 2.34 million tonnes from 664,341 ha. The tour put total Victorian wheat at 5.856 Mt, well above ABARES's 4.37 Mt estimate.
A record Mallee crop above official forecasts adds to Australian supply and can soften feed wheat and barley export prices if realized.
graincentral.comGrain CentralOct 28, 2022After 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.
