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The Australian agriculture department's weekly update reports showers and storms across northern, western and eastern Australia during the week ending 20 January. It says the rain should help dryland summer crops, while dry conditions persist in several major producing regions worldwide.
Rain in Australian summer cropping areas supports yield potential, which modestly eases supply worries in wheat and other grains.
agriculture.gov.auJan 21, 2021After 224 past neutral weather events, WHEAT moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
