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Feed barley values on the Darling Downs rose $20 in a fortnight to $375 per tonne and wheat rose $10 to $400 amid concerns over Western Australian crops. GIWA forecasts WA 2019 wheat production at 7.45 million tonnes, down 26.6% year on year.
A 26.6% fall in WA wheat output would tighten supply for southern Queensland feed users, supporting domestic grain prices.
queenslandcountrylife.com.auLloyd George, Ag ScientiaAug 18, 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.
