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INTL FCStone's client survey puts Australia's 2019/20 wheat crop at 14.97 Mt, barley at 8.77 Mt and canola at 1.96 Mt. These estimates sit below ABARES for wheat and canola, and growers are holding back forward sales amid drought.
Estimates below official forecasts and reluctant farmer selling point to tighter Australian wheat availability, supporting prices for feed buyers.
graincentral.comLiz WellsDec 11, 2019After 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.
