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Grain Industry Association of Western Australia's final report put the 2018-19 harvest at 17.9 million tonnes, worth almost $7 billion and the state's most valuable crop. Strong demand from drought-hit eastern Australia drove record profits, and the state's main grain handler built 1.1 million tonnes of emergency storage.
Strong eastern demand and a large WA harvest shape Australian export flows and wheat, barley and oat pricing for feed buyers in Asia.
abc.net.auJon DalyFeb 7, 2019After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
After 15 past neutral trade events, Oats moved a median -0.8% over 5 sessions (27% higher; middle half -2.4% to +2.2%), and +2.7% 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.
