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Co-operative Bulk Handling received 9.4 million tonnes of WA grain, and the GIWA December estimate puts the harvest at 11.2 million tonnes, about 6.8 million below last year. Wheat is seen at 5.58 million tonnes and barley at 3.98 million tonnes.
The sharp WA shortfall tightens Australian wheat and barley availability, supporting export prices and east coast feed grain costs.
countryman.com.auCally DupeJan 9, 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.
