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ABARES researchers expect grain prices to stay reasonable in the short term as tight coarse grain supplies support markets. They expect prices to ease about 5% to US$190 a tonne in 2021-22 as supplies build, with longer-term gains later as stocks fall.
Tight coarse grain supplies support feed grain prices near term, while the expected 2021-22 easing gives buyers some relief. Corn's influence on barley and wheat pricing links the outlook across feed grains.
farmonline.com.auGregor HeardMar 2, 2021After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
After 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.
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.
