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Western Australian farmers are expected to plant wheat on 54 per cent of their cropping program in 2019-20, the smallest share on record and down about 100,000 hectares. Barley, lupin and pulse plantings are expected to rise while canola falls.
Lower WA wheat area reduces Australian export supply potential, supporting wheat prices, while higher barley plantings add to feed grain supply.
countryman.com.auCally DupeApr 17, 2019After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
