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Exceed Grain Marketing's weekly outlook projects Australia's 2020/21 wheat production at 28.5 million tonnes, up 2.5 million from the prior month and up 88% from last season. Area is estimated at 13.0 million hectares.
The report also includes world wheat overview and Saskatchewan and export price tables.
A sharp Australian crop rebound adds export supply heading into the new season, which pressures global wheat prices. Larger Australian exports compete with Black Sea and North American origins.
saskwheat.caSep 21, 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.
