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The Grain Industry Association of Western Australia raised its November estimate of the state's winter crop 6.9% to 12.3 million tonnes. Late rain and mild October weather improved grain fill, although some eastern wheatbelt growers still face poor results.
A larger West Australian crop eases some of the national shortfall and adds to export availability, which is mildly bearish for wheat and barley prices.
graincentral.comNeil LyonNov 13, 2017After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
