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Australian winter crop prospects are split: Western Australia, much of South Australia, Victoria and the Riverina are generally good, while northern NSW and Queensland's Darling Downs are poor. Analysts forecast up to four million tonnes of extra wheat production year on year, but total output remains below long-term averages.
Improved southern crops ease some supply tightness, but dry northern regions and spring weather risk keep Australian wheat supply below average, supporting feed grain prices.
farmonline.com.auGregor HeardJul 16, 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.
