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ABARES forecasts Australian farm production value at about $60 billion in 2018-19, with crop value down 3% to $30 billion on a 12% fall in winter crop volume. Higher prices for canola, coarse grains, cotton and wheat are expected, with indicative world wheat and coarse grain prices rising 9% and 12%.
The forecast tightening of world wheat and coarse grain supply points to firmer feed grain prices in 2018-19.
graincentral.comGrain CentralSep 18, 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.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
