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Australian grain prices have strengthened as smaller-than-expected WA and SA harvests reach the east coast, where three years of drought have left supplies very tight. Wheat prices rose about AUD 15-20/t and barley AUD 20-30/t in early January as traders chase supply.
Tight east coast supplies and rising wheat and barley prices raise feed grain costs for buyers in eastern Australia.
queenslandcountrylife.com.auLloyd George, Ag ScientiaJan 16, 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.
