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The Grain Industry Association of Victoria estimates Victorian barley yields at 3.32 t/ha and wheat at 2.31 t/ha from its October crop tour. These estimates sit above ABARES' September forecasts, although GIAV warned that frost and heat in southern areas could reduce them.
Yield estimates above official forecasts are mildly bearish for Australian wheat and barley, partly offsetting the drought-driven shortfall elsewhere in the country.
graincentral.comGrain CentralOct 28, 2019After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), 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.
