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Australian Crop Forecasters expect about 350,000 tonnes of Canadian high-protein wheat to be imported for the 2019-20 marketing year, mainly for Manildra's gluten plant. Western Australian grain is expected to move less to the east coast due to supplies in Victoria and South Australia.
Imports of niche wheat and reduced interstate flows are routine trade adjustments with limited effect on global feed grain prices.
farmonline.com.auGregor HeardAug 21, 2019After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
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.
