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GrainCorp is recruiting as many as 3,000 staff ahead of a large winter crop in Queensland, New South Wales and Victoria, forecast at up to 21.5 million tonnes. The crop follows a three-year drought and recent better growing conditions.
A large eastern Australian winter crop expands export availability of wheat and barley, which is bearish for world prices and freight demand for Australian grain.
producer.comadminJul 16, 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.
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.
