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An ANZ report suggests Australian agriculture may have reached peak acreage, with most suitable land already under crops. Production is still expected to rise through higher yields, and the winter crop forecast is near 55 million tonnes.
Limited room for area expansion means future supply growth must come from yields, which supports the outlook for stable rather than rapidly rising Australian grain supplies.
abc.net.auHugh HoganSep 9, 2021After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
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.
