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Australian cropping regions are diverging, with southern WA, SA and Victoria recovering from a dry start. Northern and western NSW, northern WA and southern Queensland have been hit by heat and frost, and analysts have cut crop forecasts in those areas over the past fortnight.
Downgrades in northern and western crops reduce the available domestic wheat and barley supply. Southern recovery limits the price impact, so the net effect is modest.
farmonline.com.auGregor HeardAug 22, 2017
foreststreesagroforestry.orgAug 9, 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.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% over 20.
After 361 past weather events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +1.3%), and -0.2% over 20.
After 639 past weather events, Soybean Meal moved a median +0.0% over 5 sessions (51% higher; middle half -1.9% to +2.3%), 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.
