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Western Australian grain production for 2019/20 is estimated at about 11.2 million tonnes, versus 17.5 million last year, after drought, spring dryness and frost. Wheat is forecast at 5.58 million tonnes, nearly half last year's volume, and barley at 3.98 million tonnes.
A sharply smaller WA crop removes a major export source for wheat and barley, supporting prices and pushing buyers toward other origins.
farmweekly.com.auBelinda HickanJan 6, 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.
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.
