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ABARES raised its September winter crop forecast to 54.8 million tonnes, up 17% on June, with a record canola crop above 5 million tonnes driven by a 24% rise in planted area. Growing conditions were strong in June and July but weaker in August in many regions.
A record Australian canola crop and a large winter grain harvest increase export availability, which pressures canola meal, wheat and barley prices.
farmonline.com.auGregor HeardSep 8, 2021Not enough comparable past events yet for a historical read.
After 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.
