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East coast wheat prices steadied after a sharp rally, with ASX January wheat futures rising $35 a tonne over four weeks before closing at $365 a tonne. Showers in South Australia and Victoria cooled prices, while buyers are only purchasing hand-to-mouth volumes.
Cautious buying and recent rain ease near-term upward pressure on Australian wheat, though a short crop keeps prices elevated.
theland.com.auLloyd George, Ag ScientiaSep 25, 2019Not 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.
