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ANZ says Australia's winter crop harvest is starting with a strong outlook after late rains in the south-east. It describes most major commodities as looking good, while noting that farm debt has risen 9% and that COVID-19 uncertainty persists.
Expectations of a strong Australian wheat harvest point to more export supply, which tends to weigh on international feed grain prices.
anz.com.auMark Bennett, Madeleine Swan Head of Agribusiness, Associate Director Agri Research, ANZOct 26, 2020Not 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.
