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ABARES forecasts Australia's 2021-22 gross agricultural production value at a record A$78 billion, with export value also at a record A$61 billion. Production is expected to rise for nearly every major commodity despite recent flood damage in eastern states.
Record Australian output and exports, driven by poor conditions for competitors, signal ample supply for feed buyers, though high 30-year price levels keep feed costs elevated.
graincentral.comGrain CentralDec 6, 2021After 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.
