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The NAB Rural Commodities Index fell 2% in November, driven by lower grain, wool and lamb prices. Eastern Australian winter crops were below average, although Western Australia had an above-average harvest.
Softer grain prices in the index point to some easing in Australian feed costs, although domestic grain prices remain elevated.
graincentral.comGrain CentralDec 17, 2018Not 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.
