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An ABARES report shows Australia exports large shares of its production, including 71% of wheat and 75% of beef, and rejects claims of coronavirus-driven food shortages. The figures are based on average production for 2015-16 to 2017-18.
Confirmation that Australia's export orientation will not be curtailed by domestic shortages keeps export supply steady, with little direct price effect on feed grains.
theguardian.comAnne DaviesApr 16, 2020After 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.
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.
