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Substantial rain across the Western Australian grainbelt has kept mainland Australian barley production estimates at about 10Mt, based on an average of four forecasters. Queensland barley crops are in urgent need of rain in the next week or two.
A stable 10Mt barley crop keeps export supply ample, while dry Queensland crops are a risk that could tighten supply and support prices.
graincentral.comLiz WellsJul 22, 2020Not 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.
