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ABARES forecasts 2019-20 Australian farm production at $59 billion, with grain, oilseed and pulse output rising 20% to 36.4 million tonnes on assumed adequate rainfall. Output is still expected to be 10% below the 10-year average.
A recovery from drought-hit 2018-19 output adds grain supply, but production below the long-term average keeps Australian feed grain balances relatively tight.
ruralpropertynsw.com.auJul 3, 2019After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
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.
