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Flooding and excessive rain in New South Wales' Central West have hampered sowing, with some farmers abandoning planting plans. Analysts say the extent of area lost and yield penalties remains hard to forecast, with waterlogged soils adding yield risk.
Lost planted area and waterlogging-related yield losses in NSW could reduce Australian feed grain and wheat supplies, supporting domestic and export prices.
farmonline.com.auGregor HeardJul 13, 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.
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.
