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Rabobank forecasts Australia's 2021/22 winter crop at 52.87 million tonnes, down 5% from last year but 25% above the five-year average. Canola is forecast at a record 5.16 million tonnes, while wheat is 31.9 million tonnes and barley is 11.7 million tonnes.
A large crop limits Australian import needs, but Rabobank expects tight global grain and oilseed supplies to keep local prices high, which supports the feed grain outlook.
indynr.comSusannaOct 19, 2021After 406 past neutral report events, WHEAT 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.
