Loading…
Australia's 2020-21 winter harvest finished about two weeks faster than normal despite labour shortages and early storms. Western Australia's crop was about 15 million tonnes, though dry conditions cut yield potential in Central Queensland.
A large, quickly harvested Australian crop adds to global wheat supply, a mildly bearish factor for prices, while the Queensland shortfall is limited in scale.
stockandland.com.auAndrew MarshallJan 11, 2021After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
