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Improved seasonal conditions across eastern Australia are supporting winter crops, and grain prices have started to soften. Darling Downs delivered wheat averaged A$380/t in July, down 5% year on year, while barley fell 20% to A$330/t and sorghum eased 4% to A$325/t.
Better crop prospects and softer local feed grain prices lower the cost of feed grains for Australian lot feeders and weigh on feed grain prices.
mla.com.auJul 23, 2020After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
