◂ Event Timeline

Sep 14, 2020WEATHERAustralia

Feedgrain Focus: Wheat mostly higher on northern dry

Wheat values rose in most Australian markets this week as dry conditions in southern Queensland and northern NSW raised concerns about finishing the crop. Barley prices firmed as growers withheld offers, and sorghum held up on Chinese demand for a 20,000-tonne containerised cargo.

WHY IT MATTERS

Dryness threatening the northern crop and steady export demand for sorghum support local prices, though the larger expected national harvest limits the rally.

AFFECTSWheat (SRW)▲Barley▲Sorghum▲

SOURCE
beefcentral.comGuest AuthorSep 14, 2020

Price reaction & history

Wheat (SRW)▲bullishSO FAR1d +0.6%5d +1.4%20d +8.1%

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.

Jun 19, 2023Feedgrain Focus: Markets firm as dry north throttles sales - Beef Central+2.6%
May 30, 2023Feedgrain Focus: Sorghum drops into sights, season turns dry - Beef Central-4.0%
Dec 6, 2018Feedgrain Focus: Interstate wheat shapes up on value - Grain Central-0.1%
Oct 2, 2020Feedgrain Focus: Price moves mixed in thin trade - Beef Central+1.9%
Sep 20, 2018Feedgrain Focus: WA frost and eastern dry lift values - Grain Central+0.1%

Barley▲bullish

Not enough comparable past events yet for a historical read.

Sorghum▲bullish

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.

Wheat (SRW) WHEAT · GP ▸

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Barley BARLEY · GP ▸

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