Loading…
Rabobank's 2022/23 Australian Winter Crop Forecast projects a near-record 61.9 Mt winter grain crop, with wheat at 35.5 Mt, barley at a record 14.8 Mt and canola at a record 7.2 Mt. Yield and quality losses from excessive rain are hitting some NSW and Victorian fields.
The same Rabobank forecast implies a large barley and canola export supply, pressuring feed grain and meal prices despite localized weather losses.
theguardian.com.auOct 19, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 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.
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.
