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GrainCorp is recruiting up to 3,000 casual harvest workers for a third consecutive bumper winter crop on Australia's east coast. The company expects to export up to 9 million tonnes of grain by the end of September.
Large planned GrainCorp export volumes confirm sizeable Australian grain supply moving to world markets, a mildly bearish influence on wheat and barley prices.
graincorp.com.auSophie HarrisonJun 27, 2022After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
