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Executives from CBH, Viterra and GrainCorp forecast a national wheat crop of 25-28 million tonnes and barley of about 4 million tonnes in WA alone, both sharply up on last year's drought-hit crop. They expect quality outcomes to depend on the final weeks of the season.
Expected large Australian wheat and barley supplies increase export availability, pressuring Asian feed and milling wheat prices and barley values.
farmonline.com.auGregor HeardAug 4, 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.
