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The Australian Bureau of Meteorology forecasts wetter-than-normal September conditions for parts of southern Queensland, too late to save struggling winter crops. Western Australia is expected to be drier than normal, and spring temperatures are forecast warmer.
Rain in southern Queensland would allow summer sorghum and corn planting, but the winter crop shortfall supports current strong feed grain prices in Australia and may tighten sorghum and barley supply.
queenslandcountrylife.com.auLloyd George, Ag ScientiaAug 21, 2017Not enough comparable past events yet for a historical read.
Not 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.
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.
