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NSW grain production estimates keep falling, with wheat forecast at 6.3 Mt, down 44%, and wheat yields expected at 1.9 t/ha after dry weather and frost. Northern-bound grain flows from southern NSW into Queensland are rising as end users cover needs.
Lower NSW output and northward grain movement support eastern Australian feed grain prices and freight demand while reducing exportable supply.
theland.com.auLloyd George, Ag ScientiaSep 19, 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.
