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Meat & Livestock Australia reports that early-June wheat and barley delivered prices were up roughly 48-62% year on year in Darling Downs and Goulburn Valley. It also summarises ABARES' winter crop outlook, with planted area forecast 4% lower to 21.1 million hectares and dry conditions in eastern regions.
Higher domestic feed grain prices and a smaller planted area tighten Australian feed barley and wheat supply, supporting prices for feedlot and feed mill buyers. Lower oilseed area keeps meal supply limited.
mla.com.auJun 20, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
