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Grain Central reports that recent rains have helped fire-affected areas in Australia, but the southeast remains in a multi-year drought. Three consecutive very dry winters in the Murray-Darling basin rank in the driest 10% since 1900.
Persistent drought in southeast Australia limits wheat and barley output and supports export prices as buyers look to other origins.
graincentral.comGuest AuthorFeb 26, 2020After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
