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South Australia's 2019-20 winter grain crop is estimated at 6.25 million tonnes, up from 5.8 million last year but well below the 10-year average of 8 million. Drought affects 70% of the state and September frosts damaged crops.
A crop below average reduces Australian export and domestic supplies, supporting wheat and barley prices.
graincentral.comGrain CentralJan 17, 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.
