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South Australia's 2018-19 grain harvest forecast was cut to 6.9 million tonnes, below the long-term average of 7.9 million, due to dry conditions, frost and wind. Planted area of 3.8 million hectares is larger than last year's 3.5 million.
A smaller South Australian crop reduces regional grain supply and supports local feed grain prices, adding to the national drought-driven tightening.
stockjournal.com.auJul 31, 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.
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.
