Loading…
Rabobank expects Australia's winter crop to reach at least 52.87 million tonnes, with canola at a record 5.16 million tonnes. Wheat is forecast at 31.9 million tonnes and barley at 11.7 million tonnes.
Rabobank expects global wheat stocks to keep falling, which should support local wheat prices despite a large domestic harvest.
afdj.com.auelizabethOct 24, 2021After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
