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Australian receival sites are busy as farmers harvest what is expected to be a record winter crop of 58.4 million tonnes, beating the 2016-17 record. Wheat is seen at a record 34.4 million tonnes and barley at 13.3 million tonnes, with quality damage from rain noted.
A record Australian crop with rain-downgraded quality adds feed-grade wheat and barley supply, which can cap feed grain prices in export markets.
therural.com.auGregor HeardDec 7, 2021After 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.
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.
