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Feedgrain values in Victoria and southern NSW rose up to $15/t in the past week after frosts in Western Australia and dry weather cut yield prospects. Many canola crops are being cut for hay, tightening national grain supply.
Lower Australian yield prospects from frost and drought tighten feed supply and lift local feed grain prices, supporting barley and wheat feed values.
graincentral.comGuest AuthorSep 20, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
