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Overnight frosts of around -5C in late August damaged canola, wheat and barley crops across central and southwest NSW. Canola prices rose sharply and New Season APW into Port Kembla jumped $25 to $296/t as traders priced in lower yields.
Frost losses cut canola and feed grain supply in eastern Australia, lifting canola meal and wheat values for buyers sourcing from the region.
theland.com.auLloyd George, Ag ScientiaSep 12, 2017Not enough comparable past events yet for a historical read.
After 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.
