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Rain across Victoria and south-eastern South Australia has helped emerging winter crops, and most farmers have finished sowing. Horsham received 106 millimetres of rain in May.
Local agronomists describe ideal growing conditions with no major concerns so far.
Good early conditions in southern Australia point to a healthier winter crop, which eases supply concerns and may pressure wheat and barley prices lower.
graincentral.comNeil LyonMay 29, 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.
