Loading…
Rabobank predicts Australia's 2019/20 winter crop at 27.7 million tonnes, the smallest since 2007/08 and 31 percent below the five-year average. Wheat is forecast at 15.84 million tonnes and barley at 7.71 million tonnes, with Queensland yields down more than 30 percent.
A drought-driven shortfall of this size would tighten Australian export supplies and firm global feed grain and wheat prices.
lucasgroup.com.auThe Lucas GroupNov 21, 2019After 1,072 past bullish weather events, WHEAT 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.
