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The Grains Industry of Western Australia expects the state's 2022-23 total grains harvest to reach around 20 million tonnes, implying about 11 million tonnes of wheat. That would be above average but below last season's record.
Dryness has left the crop in a precarious position pending rains.
A roughly 11 million tonne Western Australian wheat crop is above average but below last year, a modest supportive factor for wheat export prices and feed grain supply.
grainpricenews.comMike VerdinJul 28, 2022After 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.
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.
