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Grain farmers and analysts in Australia say near-perfect conditions have set up another bumper winter crop. Strong demand for Australian wheat, barley and canola is expected while other major producers face war and unfavourable weather.
Expectations of a large Australian crop add to export supply just as Black Sea and other origins face shortfalls, which tempers upside in wheat, barley and canola prices.
afr.comMichael BennetApr 13, 2022After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), 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.
