Loading…
INTL FCStone cut its October estimate of Australian wheat production to 16.4 million tonnes, down 2.38Mt from September, and barley to 6.63Mt. Canola was trimmed to 2.23Mt as drought persists across eastern cropping regions.
Further downgrades to Australian wheat and barley reduce exportable supply and support world feed grain and wheat prices.
graincentral.comNeil LyonOct 10, 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.
INTL FCStone cut Australian wheat output by 2.38 Mt, tightening global exportable supply and supporting prices.
