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University of Queensland researchers are using TERN satellite data to estimate grain cropping area and produce seasonal outlooks for Australian sorghum and wheat. The outlooks are shared with federal and state agricultural departments.
Better crop size estimates can reduce market volatility in Australian sorghum and wheat, but the research itself is a methodological update with no immediate price move.
qaafi.uq.edu.auAug 14, 2017Not enough comparable past events yet for a historical read.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
