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ABARES December crop report puts Australia's 2018-19 winter crop below 30 million tonnes for the first time in a decade. Wheat is forecast at 16.9 Mt, the smallest since 2007-08, with barley at 7.3 Mt and canola at 2.2 Mt amid eastern drought.
A sharp Australian crop shortfall tightens export supplies of wheat, barley and canola meal feedstocks, supporting prices for feed buyers in Asia.
queenslandcountrylife.com.auLloyd George, Ag ScientiaJan 2, 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.
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.
