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Australian winter crop production is forecast to rise 20% after last year's drought, but dry weather continues to threaten supplies in southern Queensland. New crop stockfeed wheat prices in Queensland jumped $20 to $390 a tonne in the prior week on northern crop concerns and WA wheat strength.
Tight northern feed grain supplies keep stockfeed wheat prices elevated for Queensland feedlots and feedmills, even as national output recovers.
queenslandcountrylife.com.auLloyd George, Ag ScientiaJun 17, 2019After 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.
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.
