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PIRSA estimates South Australia's 2017-18 grain harvest at 6.4 million tonnes, from a crop area of 3.6 million hectares, the smallest since 1999-00. The estimate follows a prolonged seeding period after an unusually dry start to winter, and it is a first estimate that could be revised upward if rain improves conditions.
A crop well below the 2016-17 record of 11.1Mt and the 7.7Mt long-term average tightens Australian wheat and barley supply. That supports domestic feed grain prices.
stockjournal.com.auAug 4, 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.
