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South Australia's PIRSA estimates the state's 2020-21 grain crop at 9.2 million tonnes, the fourth-largest on record and well above the 10-year average of 7.9 million. The crop is valued at about $2.5 billion at farmgate.
A large state harvest adds to Australian grain export supply, which is mildly bearish for feed grain and wheat prices in export markets.
stockjournal.com.auMar 6, 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.
