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Rain across much of southern Australia improved winter crop prospects and pushed wheat and barley prices down $5-$10 per tonne in southern markets. Northern NSW grain traded flat to higher because of continuing dryness.
Barley in Adelaide traded at $320-$325/t, down from late May, and new-crop Port Adelaide wheat was near $300/t.
Improved southern yield prospects add supply expectations and soften Australian feed grain prices, though dry northern NSW limits the downside.
graincentral.comGuest AuthorJun 13, 2019After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
