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PIRSA estimated South Australia's 2021-22 harvest at 8.32 Mt, above the 10-year average of 7.73 Mt, with a record farm gate value of $3.2 billion. Wheat was 4.66 Mt and barley 2.22 Mt, and GM canola made up about 10 per cent of canola output.
A above-average South Australian harvest adds regional grain supply, which is mildly bearish for feed barley and wheat prices in the domestic and export markets.
graincentral.comGrain CentralFeb 21, 2022Not enough comparable past events yet for a historical read.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
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.
