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ABARES forecast Australia's 2021-22 agricultural value at a record $81 billion, with record exports of $67 billion. The agency warned that prices are likely to correct and that net production is expected to fall about 6 per cent next financial year.
A record Australian harvest and high export values signal ample supply from a major barley and wheat exporter, which tempers feed-grain price upside over the coming year.
farmonline.com.auJamieson MurphyFeb 28, 2022After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
