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A national video report looks at Australia's winter crop prospects, which are shaping up as the most promising in years. It also notes a looming trade dispute with China.
Strong expected Australian production adds to global grain supply, while the China trade dispute could redirect exports and weigh on barley prices.
abc.net.auTim Lee, Pip CourtneyMay 16, 2020Not enough comparable past events yet for a historical read.
After 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.
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.
