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Western Australia posted its second-largest harvest on record, near 18 million tonnes, with about 16.37 Mt received by CBH so far. Industry association estimates the crop is worth nearly A$7 billion at current prices.
A large WA harvest adds exportable supply, which is mildly bearish for Australian grain export prices, though it does not offset eastern shortfalls.
farmweekly.com.auTravis KingJan 23, 2019After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
