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Grain Industry Association of WA raised its estimate for the state's winter crop by nearly 10 per cent to 15.653 million tonnes after central-region rain. Wheat is now projected at 9.1 million tonnes and barley at 3.9 million tonnes, with yields reported above expectations.
Stronger-than-expected WA output eases the Australian supply squeeze somewhat, which may cap wheat and barley price gains for export buyers.
graincentral.comNeil LyonNov 12, 2018After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
