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ABARES confirmed Australia's 2018-19 winter crop was 30.4 million tonnes, the lowest since 2007-08, with Western Australia's record-level contribution offsetting eastern losses. Summer crop plantings fell 23 per cent, and sorghum output was cut to 1.3 million tonnes.
Low east-coast stocks and reduced sorghum availability keep feed grain tight in eastern Australia, supporting feed prices and raising reliance on western imports.
farmonline.com.auGregor HeardFeb 20, 2019Not enough comparable past events yet for a historical read.
After 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.
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.
