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Rural Bank's mid-year outlook forecasts Australian winter crop production down 12% year-on-year but 13% above average. Wheat is seen down 12% and barley down 19%, with mouse activity a concern in eastern states.
Growers are holding off on forward sales, while some are locking in canola contracts at strong prices.
A year-on-year decline in Australian barley and wheat output tightens export availability, supporting feed grain prices.
ukragroconsult.comJul 13, 2021Not enough comparable past events yet for a historical read.
After 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.
