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ABARES' Agricultural Commodities report puts 2018-19 farm production at $58 billion, down 4%, with grain prices up 11% and wheat up 5% and barley up 16%. Production is forecast to recover 2% in 2019-20 if seasons normalise.
Higher domestic grain prices in 2018-19 reflect tight supply after drought, and a recovery in 2019-20 output would ease those values.
nationaltribune.com.auMar 4, 2019After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
