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Winter crop harvest in Central Queensland is nearly complete, with yields above average despite the broader eastern seaboard drought. Growers planted more wheat and barley this year than last, and a large volume of hay is being cut and baled.
The regional yield beat is a small offset to the national shortfall, so it has limited effect on export supply and prices for wheat and barley.
graincentral.comLiz WellsOct 30, 2019After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
