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Central Queensland's cereal harvest is expected to be above average, with northern Central Highlands yields good, but southern Queensland faces drought with poor wheat and barley prospects. Traders expect central Queensland wheat output could exceed 400,000 tonnes.
Poor southern Queensland crops will keep local feed users reliant on imported or WA grain, supporting regional feed barley demand.
queenslandcountrylife.com.auLloyd George, Ag ScientiaAug 26, 2019Not enough comparable past events yet for a historical read.
After 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.
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.
