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ABARES expects Australian farm production to fall 5% to $59 billion in 2017-18 due to poor seasonal conditions. Wheat, barley, cotton, lamb, wool and dairy prices are forecast to rise, while beef and oilseeds prices are expected to fall.
A weather-driven drop in Australian crops tightens domestic feed grain supply, supporting barley prices for feed buyers.
abc.net.auMar 5, 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.
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.
