Loading…
Australia's winter-crop harvest is underway in all mainland states, with GrainCorp receiving only 21,000 tonnes in Queensland, 1,000 tonnes in NSW and 3,500 tonnes in Victoria. GrainCorp reversed its export chain to move WA grain east, with 156,000 tonnes transhipped so far.
Tiny eastern intakes confirm a severe drought shortfall that drives Australia to import and source grain from the west, supporting domestic wheat and barley prices.
graincentral.comGrain CentralOct 30, 2018After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
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.
