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An Australian farm feature describes a record grains harvest, with the latest ABARES forecast at 17.6 million tonnes, causing storage and trucking delays. It says farmers are paying down debts and planning equipment spending, boosting rural economies.
The story reflects strong grain volumes and prices in Australia but adds no new supply or demand shock, so its direct price effect is minimal.
thefarmermagazine.com.auSandra GodwinJan 11, 2021Not enough comparable past events yet for a historical read.
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.
