Loading…
Western Australian harvest yields have disappointed, with wheat possibly under 5.5 MMT and barley under 3.2 MMT. Low-quality wheat is rallying as exporters buy to blend into feed shipments to Asia, and the national wheat crop may fall under 14.5 MMT.
Tight low-grade wheat and barley supplies in WA raise feed prices for Asian buyers, with the feed-quality rally signalling firmer demand for substitutes.
grainbrokers.com.auDec 3, 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.
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.
