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FCStone estimates Australian wheat production at 15.54 million tonnes, about 20 percent below the official 19.2 million tonne estimate, based on a survey of clients. The survey also puts Australian rapeseed at 1.82 million tonnes against official forecasts of 2.3 million.
A smaller Australian crop risks losing export share in Indonesia and South Korea, though falling prices limit how much the forecast lifts world wheat values.
zmp.deNov 6, 2019After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
