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Australia is heading for one of its biggest winter crops on record, driven by forecast record production in NSW and Victoria. Ikon Commodities projects 45 Mt of major crops and 30 Mt of wheat, and analysts expect the crop to rank in the top three years.
A near-record Australian crop increases exportable wheat and barley supplies, which would pressure feed grain prices in export markets.
farmonline.com.auGregor HeardOct 13, 2020After 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.
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.
