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Analysts expect Australia's wheat crop to be less than half of last year's record 35.13 million tonnes, with frost and dryness emerging in Victoria. ABARES issued an unusual between-report statement flagging downside to its September estimate of 21.6 million tonnes.
A sharp Australian wheat and barley shortfall tightens export availability and supports Black Sea and other origin prices, lifting feed grain costs.
farmonline.com.auGregor HeardOct 14, 2017After 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.
