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Australian east coast rain has brought some relief after a multi-year drought, but falls were below forecasts and the drought has not broken. Wheat exports are described as steady while barley shipments lag, and eastern consumers will rely on grain from southern and western states through late 2020.
Persistent eastern supply shortfalls keep demand for southern and western grain firm, supporting Australian wheat and barley export prices.
graincentral.comGuest AuthorJan 21, 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.
