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A weak Australian dollar has cushioned a softening global wheat market, while Western Australia's crop is deteriorating. Limited rain has kept local wheat flat to firm, and feed grain prices, including new-crop barley, have a bullish tone.
Crop deterioration in Western Australia and a weaker Aussie dollar support Australian feed grain prices and make exports more competitive. Expected rate cuts could add further currency pressure.
theland.com.auJames Massina, AwbSep 24, 2019Not enough comparable past events yet for a historical read.
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.
