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Australian wheat and barley prices rose by up to $20 per tonne in the past month as growers continued holding grain. Bushfires closed roads in southern Australia and road freight is scarce as trucks serve drought and fire-hit communities.
Tight local supply and freight shortages keep feed grain prices elevated in eastern Australia, raising feed costs for buyers there.
graincentral.comLiz WellsJan 16, 2020After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
