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South Australia's PIRSA raised its state grain harvest estimate to 6.7 million tonnes from 6.4 million, worth about A$1.7 billion at farmgate. The estimate follows July and August rains that improved yield prospects after a dry autumn and frosty June.
A larger-than-expected SA crop modestly eases Australian supply concerns, slightly capping wheat and barley price gains.
stockjournal.com.auOct 18, 2017After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
