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Farmers on Australia's east coast are close to finishing a large 2021-22 harvest, with about 95 percent complete. Persistent La Niña rains downgraded a substantial share of grain, and rising input costs may shift planting choices.
Large Australian production with downgraded quality supports ample supply of feed-grade wheat and barley, which is mildly bearish for feed grain prices.
theland.com.auNicholas Robertson, AwbJan 11, 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.
