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Dry, windy and warm weather without rain has damaged yield potential for barley and wheat in several lower-rainfall Australian districts. Barley is discounted to wheat in new-crop positions, helping it price into early 2020 feed rations.
Yield losses in key Australian feed grain areas could tighten barley supply and support prices if rain does not arrive.
graincentral.comGuest AuthorAug 22, 2019Not enough comparable past events yet for a historical read.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
