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Central and northern New South Wales and southern Queensland are again unlikely to produce enough wheat and barley to meet local needs, for the third year running. Grain from South and Western Australia is expected to keep flowing into Brisbane, and large new-crop wheat exports from Brisbane and Newcastle look unlikely.
Persistent northern deficits keep mills and feedlots bidding for eastern grain, supporting domestic feed prices and reducing export availability from east-coast ports.
graincentral.comLiz WellsJun 12, 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.
