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Australian grain futures rose about 5% last week as expectations for the 2018 winter harvest fell. ASX January wheat ended $20 higher at $445/t and barley jumped $38 to $438/t, with northern port bids also rising.
Intensive livestock feeders returned to buying amid dry September weather and frosts.
Falling crop expectations and renewed feeder buying push feed grain prices higher, raising input costs for animal feed buyers.
queenslandcountrylife.com.auLloyd George, Ag ScientiaSep 24, 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.
