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Apr 17, 2020REPORTAustralia

Australia’s food security assured, but rice faces shortfall

An ABARES study concludes Australia is highly food-secure despite recent drought and temporary supermarket shortages caused by COVID-19 stockpiling. The report also flags a possible shortfall in rice supply.

WHY IT MATTERS

The findings signal no structural domestic food shortage, so they are unlikely to move feed grain prices, though rice supply tightness is a minor upside risk.

AFFECTSWheat (SRW)Barley

SOURCE
graincentral.comApr 17, 2020

Price reaction & history

Wheat (SRW)no directional readSO FAR1d +0.1%5d -1.4%20d -1.8%

After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.

Aug 7, 2020High wheat production ensures Australia’s grain security in COVID era - Grain Central-1.3%
Aug 28, 2018Sell the rumour, buy the fact - Grain Central+6.2%
May 15, 2023USDA sees 26pc drop in Australia's new-crop wheat - Grain Central-1.6%
Dec 3, 2020Second largest harvest on record sees grain prices fall | Meat & Livestock Australia+9.8%
Mar 7, 2017What does ABARES' crystal ball see ahead for grain prices? - Grain Central-0.6%

Barleyno directional 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.

Wheat (SRW) WHEAT · GP ▸

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Barley BARLEY · GP ▸

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