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FAS USDA expects Australia to produce another large grain crop in MY 2022/23 after record winter and summer crops in 2021/22. Yields are set to fall from record levels, lowering wheat and barley exports from this year's highs, while sorghum output declines and rice output keeps growing.
A smaller Australian wheat and barley crop next year reduces export supply from a major origin, which supports feedgrain and wheat prices relative to a record-export year.
ukragroconsult.comApr 27, 2022After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
