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The Grain Industry of WA's season summary puts the 2017 state grain harvest at 14.27 million tonnes, up about 5 million tonnes from initial July estimates but below 2016's record 18.2 million. Wheat fell 25% from 2016 due to dry conditions in the north and northeast, and the oat crop dropped 48%.
Barley fell about 9% and canola fell more than 11%.
Lower oat and wheat output in Western Australia reduces local feed grain supply, while late rains improved overall volumes. Plantings for 2018 are expected to shift toward oats, barley and legumes, which may ease future tightness.
farmweekly.com.auStephanie SinclairFeb 23, 2018After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% 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.
