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ABARES cut its national winter crop forecast by about 9% to 36.3 Mt, roughly 40% below the record 2016-17 harvest. North West NSW, South West Queensland and northern Western Australia may see many crops unharvested, and frost damage could reduce yields further.
A deeper cut to Australian winter grain output tightens exportable supply of wheat, barley and canola, supporting feed grain and meal prices.
farmonline.com.auAndrew MarshallSep 11, 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.
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.
