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The Australian Department of Agriculture's weekly update reported low-pressure systems bringing rain to southern and eastern Australia during the week ending 6 October 2021, followed by drier conditions. September temperatures were about 1°C above average, and frosts in Western Australia are expected to hurt winter crop yields there.
Rain in southern cropping regions supports yield potential, but Western Australian frost losses could tighten local wheat and barley supplies and lend modest support to prices.
agriculture.gov.auOct 7, 2021After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
