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South Australian state government estimates 2019-20 grain production at 7.95 million tonnes, the highest since 2016-17, on a crop area of 3.81 million hectares. The minister said further rain is needed in the coming month.
Larger South Australian output adds to Australian grain supply, though dry conditions leave yield risk that could support prices.
nationaltribune.com.auAug 22, 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.
