Loading…
ANZ Agri forecasts Australia's national wheat crop at 26 million tonnes, up 71 per cent from last year's 15.2 million, with exports jumping about 90 per cent to 17.5 million tonnes. ANZ warns the supply chain must prepare for the volume.
A sharp rise in Australian wheat exports adds supply to world markets and is likely to weigh on export wheat prices.
graincentral.comGrain CentralAug 12, 2020After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 138 past bearish report events, KWHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% over 20.
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.
