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ANZ's Agri-InFocus report says Australian farm exports to the ten ASEAN nations were worth almost $8.8 billion in 2016, ahead of about $5.5 billion to China. It projects ASEAN soft commodity consumption rising by more than 60 million tonnes to about 285 million tonnes by 2024-25.
Growing Southeast Asian demand for feed grains, wheat and meat supports Australian export prices and diversifies buyers away from China. Demand growth in the region is a supportive medium-term factor for grain prices.
smh.com.auDarren GrayApr 25, 2018After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
