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ABC Rural reports ABARES expects Australian farm export value to reach a record $65 billion in 2022-23, with grain exports tipped to be the most valuable ever. Record grain prices and a favourable winter start are driving the outlook.
Record-value grain exports signal strong Australian export volumes and high prices, which support wheat and canola prices in global markets.
abc.net.auJun 6, 2022After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
