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Cargill AWB reports NSW crop progress is mixed, with early-sown crops developing well while late-sown areas after excessive rain lag behind. Northern NSW has had a dry run allowing final planting, while central NSW has seen further rain delaying progress.
Growers face choices about late-sowing winter barley or fallow.
Late sowing in NSW implies likely yield penalties, slightly tightening Australian barley and wheat supply expectations.
theland.com.auAlistair Murphy, Cargill AwbJul 27, 2022Not 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.
