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Nidera Australia notes that dry conditions across southern Australia have reduced snowfall and spring river run-off, lowering irrigation water availability. Despite strong exports, last year's record production means the national grain carry-out this season will be large, concentrated in eastern states.
A large carry-out in the east cushions domestic feed grain supply, limiting upside in prices even as water scarcity weighs on future summer crop plantings.
graincentral.comGuest AuthorJul 24, 2017Not 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.
