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Australia's three major bulk handlers have received 8.62 million tonnes of grain so far this season as harvest reaches full swing in the south. Drought has left large areas of Queensland and New South Wales with negligible grain deliveries.
Drought-hit northern regions will need interstate and imported feed grain, which supports demand for grain exports and feed substitutes.
farmonline.com.auGregor HeardNov 27, 2019Not enough comparable past events yet for a historical read.
After 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.
