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Sep 13, 2017REPORTAustralia

National grain harvest 40 per cent down on last year, according to ABARES quarterly Crop Report

The ABARES quarterly Crop Report says Australia's national winter grain harvest will be about 40% smaller than last year, with drought, a late season start and high temperatures blamed. Wheat is down 38%, barley 40%, canola 33% and chickpeas about 36%.

WHY IT MATTERS

The sharp Australian crop decline reduces exportable barley and wheat supply, which supports feed grain prices in import markets.

AFFECTSWheat (SRW)▲Barley▲Canola Meal▲

SOURCE
abc.net.auJemima BurtSep 13, 2017

Price reaction & history

Wheat (SRW)▲bullishSO FAR1d +0.1%5d +0.7%20d +4.1%

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

Sep 10, 2019ABARES crop report forecasts another poor harvest for Australia's grain growers - ABC News+2.6%
Jun 12, 2018Dry puts the squeeze on national winter crop prospects: ABARES - Grain Central-0.9%
May 26, 2026Rabo sees winter-crop area down 8pc on year to 23.1Mha - Grain Central-0.7%
Feb 14, 20242023 crop report: WA grain harvest falls to 14.5 million tonnes after two record years | Countryman+0.1%
Sep 10, 2019National crop outlook varies as eastern dry grinds on: ABARES - Grain Central+2.6%

Barley▲bullish

Not enough comparable past events yet for a historical read.

Canola Meal▲bullish

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.

Wheat (SRW) WHEAT · GP ▸

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Barley BARLEY · GP ▸

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