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NSW growers had three years of below-average yields due to drought, flood, disease and pests before a strong 2020-21 season delivered over 8 million tonnes. GrainCorp expects to export 8.5 million tonnes and has booked port receivals until September 2021.
Domestic feedlot demand has grown sharply, to 1.2 million tonnes of grain annually.
Strong NSW supply and GrainCorp's export bookings add to available Australian grain for feed buyers, while growing domestic feedlot demand supports local feed grain use.
thefarmermagazine.com.auJeanette SeversJul 9, 2021After 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.
