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ABARES forecasts Australian winter crop production rising 64% to 47.9 million tonnes in 2020-21, an 8% upward revision from June. New South Wales production is projected at 14.8 million tonnes, accounting for 60% of the national increase.
A winter crop 20% above the ten-year average increases exportable grain supply for the coming marketing year, which tends to cap global wheat and barley values.
graincentral.comGrain CentralSep 7, 2020After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
