Loading…
The Land reports that Australia's 2020-21 winter crop reached 55.2 million tonnes, the second largest on record, with wheat at 33.3 million tonnes beating the 2016-17 record of 31.8 million. New South Wales yields drove the result, with NSW wheat output up to 13.1 million tonnes.
A record Australian wheat crop expands export supply and weighs on international wheat values. Strong NSW and WA production also supports sufficient domestic grain for feed users in the region.
theland.com.auGregor HeardFeb 17, 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.
