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ABARES' June report puts Queensland's winter crop planting down 16% to around 1.1 million hectares, with chickpea plantings sharply lower. Queensland wheat output is forecast at 1 Mt and barley at 280,000 t, and low soil moisture could limit planting intentions.
Lower Queensland wheat and barley output adds to the tightening of Australian feed grain supply, supporting local feed grain prices.
queenslandcountrylife.com.auLloyd George, Ag ScientiaJun 18, 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.
