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Australia's Department of Agriculture expects a 2021-22 winter grain crop of 58 million tonnes. Wheat is forecast at 34.4 million tonnes, barley at 13.3 million and canola at 5.7 million.
A large official crop estimate points to ample Australian export supply of feed grains, which tends to pressure prices for wheat and barley.
industrialinfo.comJan 11, 2022After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
