◂ Event Timeline

Jan 23, 2019REPORTAustralia

Wheat Forecast 2018 | Agribusiness | GrainKing

NAB's January 2019 wheat forecast cuts Australian 2018-19 production to 16.9 Mt from 17.4 Mt last month. Western Australia is on track for an above-average season while eastern states struggle.

WHY IT MATTERS

A lower national wheat forecast tightens export availability, supporting wheat prices for feed buyers relying on Australian supply.

AFFECTSWheat (SRW)▲

SOURCE
grainking.com.auDenver EvedenJan 23, 2019

Price reaction & history

Wheat (SRW)▲bullishSO FAR1d +0.2%5d -0.3%20d -2.7%

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.

Jun 18, 2019Australia lowers wheat export forecast | 2019-06-18 | World Grain+7.1%
Aug 13, 2020Strategie Grains cuts EU, UK wheat crop forecast - Markets - Business Recorder+0.7%
Jun 25, 2020EU sharply cuts soft wheat harvest forecast again - Markets - Business Recorder+0.8%
Jan 27, 2021Smaller wheat and oat crops forecast for Canada | 2021-01-27 | World Grain-10.0%
Feb 2, 2023AMIS Releases Troubling Global Wheat Forecast+2.4%

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.

Wheat (SRW) WHEAT · GP ▸

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