Loading…
Rural Bank's annual crop review forecasts Australia's 2018/19 winter crop at about 30 million tonnes, 30 per cent below the previous season and the smallest in a decade. Dry conditions in eastern states drove the decline, while Western Australia is expected to be near or above average.
A sharply smaller Australian crop reduces exportable barley and wheat supply, supporting global feed grain prices and Asian buyers' sourcing costs.
graincentral.comGrain CentralNov 1, 2018After 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.
