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South Australia's state government puts the 2021-22 grain crop at an early estimate of 7.6 million tonnes, about 1.5 million tonnes below last season. Sowing covered almost 4 million hectares, with a larger barley area in place of pulses and dry sowing after a late break.
A smaller SA crop than last year tightens regional wheat and barley supply somewhat, which is mildly supportive for prices. The early estimate could still change with rainfall.
stockjournal.com.auAug 12, 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.
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.
