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ABARES' March 2020 Outlook forecasts Australian farm production falling to $59 billion, with farm export values down 11% to $43 billion. Cotton output is seen at just 600,000 bales because drought limited plantings, and nearly a third of broadacre farms are expected to have negative incomes.
Drought-driven cuts to Australian output reduce farm supply and export volumes across several commodities, though the report itself does not clearly move a specific feed price.
farmonline.com.auMar 3, 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.
