Loading…
The Queensland Alliance for Agriculture and Food Innovation forecasts a below-average Queensland winter crop, with state wheat yield at 1.53 t/ha, 19% below the long-term median. September rainfall was below average in southeast Queensland, and climate models point to a La Niña pattern continuing into the summer.
A smaller Queensland wheat crop reduces Australian export availability, modestly supporting wheat prices, though the shortfall is regional and not large enough to move world markets much.
qaafi.uq.edu.auOct 13, 2020After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), 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.
