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ABARES cut its winter-crop estimate by 12% to 33.2 million tonnes, with production declines in all eastern states. Western Australian yields are forecast above average and partly offset the drought losses in New South Wales and Queensland.
The national shortfall versus June reduces Australian export availability of feed grains, supporting world barley and wheat prices.
graincentral.comNeil LyonSep 11, 2018After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), 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.
