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Storms interrupted harvest across southern Queensland and northern New South Wales in the past week, slowing or stopping harvest and making trucking difficult. Local feedgrain prices rose for barley, wheat and sorghum, with the nearby inverse reviving ahead of new crop expected mid-November.
Rain-delayed harvest tightens near-term supply of feed grains in eastern Australia, supporting domestic barley, wheat and sorghum prices for feed buyers.
graincentral.comLiz WellsOct 29, 2020Not enough comparable past events yet for a historical read.
After 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.
