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BankSA's rural price index shows South Australian winter crop production down 38 per cent in 2017-18 after poor weather. Barley output fell 40 per cent after wind and hail damage, and the state's wheat crop still reached 4.1 million tonnes.
A sharp fall in South Australian barley and wheat output tightens regional feed grain supply and supports local prices. The national wheat crop is also the smallest in about a decade, which is supportive for grain prices.
stockjournal.com.auApr 18, 2018Not enough comparable past events yet for a historical read.
After 1,072 past bullish weather events, WHEAT 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.
