Loading…
Farmers in the Narrabri area of NSW expect a strong winter crop, with most farms finished planting and good subsoil moisture. ABARES' June 2021 report forecasts NSW wheat about 15% above the decade average and barley about 7% above.
This is local farm commentary on a strong regional crop that reinforces the above-average Australian supply outlook, with limited separate price impact.
narrabricourier.com.auGemma FergusonJun 30, 2021After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
