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ABARES' March quarter outlook expects wheat and barley prices to rise marginally on low global supplies, with the world wheat indicator price averaging US$242 per tonne in 2019-20. Canola prices are expected to remain unchanged.
Falling stocks in major exporters tighten tradeable wheat supplies, supporting feed grain prices, while medium-term production gains from Argentina, the Black Sea and India are expected to weigh on prices later.
graincentral.comGrain CentralMar 4, 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.
