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ANZ's Agri Commodity Report urges Australian farmers to carefully reassess medium and long-term business strategies while the sector enjoys a good season and strong prices. It cites ABARES forecasts that most agricultural prices will soften by 5 to 30 percent by 2025/26, with Australian wheat production expected to fall by about a third over five years under average seasonal conditions.
A forecast gradual price decline and lower wheat output over the coming years point to a tighter longer-term Australian wheat supply outlook, while near-term prices remain supported by the current favourable cycle.
graincentral.comGrain CentralApr 30, 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.
