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Australia's Department of Agriculture weekly update for the week ending 4 May 2022 reported moderate rain in the east and dry conditions elsewhere, with winter planting well underway in southern regions. Waterlogging and high soil moisture delayed some planting in New South Wales and Victoria, while central South Australia had not yet had its autumn break.
Planting delays in eastern Australia and dry conditions in South Australia could trim crop yields, a mildly bullish factor for Australian wheat and barley if sustained.
agriculture.gov.auMay 5, 2022After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
