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Grain Central reports that Western Australia's final 2017 winter crop reached 14.27 million tonnes, well above July predictions of 9 million tonnes but below 2016's 18.2 million. Wheat output was 25% lower than 2016 and lupin production fell 37%.
Grain quality was good, with high grain weight and low screenings.
Stronger than expected Western Australian supply eases pressure on local feed grain buyers, but lower wheat and lupin volumes keep the state's export availability below last year's levels. Impact on global prices is modest.
graincentral.comGrain CentralFeb 15, 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.
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.
