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South Australia's 2019-20 grain harvest was estimated at 6.5 million tonnes, above earlier projections but 19 per cent below the 10-year average. Drought, frost and bushfires affected the season.
A harvest below average limits South Australian grain available for export, a modest supportive factor for Australian grain prices in the current marketing year.
graincentral.comGrain CentralMay 8, 2020After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), 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.
