Loading…
ABARES still forecasts Australia's national winter crop at 33.9 million tonnes, up 11% year on year but 7% below its June estimate and 16% under the 10-year average. Victoria is set for a sharp rise while Western Australia falls 19% and Mallee and Mid-North areas remain below average.
The downward revision and below-average national crop tighten Australian grain availability, supporting wheat and feed grain values.
farmonline.com.auGregor HeardSep 10, 2019After 769 past bullish report events, WHEAT 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.
