Loading…
The Bureau of Meteorology's April-June outlook shows no strong tilt toward wetter or drier than average conditions for Australia. Days and nights are likely to be warmer than average, and El Niño could develop in autumn, which would raise the chance of drier conditions in the south and east.
Neutral rainfall odds leave Australian grain production uncertain, but a possible autumn El Niño would add downside risk to winter crop yields and support wheat and barley prices.
graincentral.comGrain CentralMar 27, 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.
After 16 past neutral weather events, Oats moved a median +0.8% over 5 sessions (50% higher; middle half -5.9% to +3.3%), and +0.0% over 20.
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.
