◂ Event Timeline

Jul 11, 2017WEATHERAustralia

NSW Department of Primary Industries reports up to a third of winter crops not sown because of lack of rainfall

Up to 30% of planned winter crop area in central-western and north-western NSW has not been sown due to lack of rainfall. The NSW DPI says 2017 wheat and barley output may fall short of last year's $3.3 billion gross value if dryness continues.

WHY IT MATTERS

Reduced NSW winter grain plantings tighten Australian feed barley and wheat supplies, supporting prices for feedlot and mill buyers.

AFFECTSWheat (SRW)▲Barley▲

SOURCE
dailyliberal.com.auFaye WheelerJul 11, 2017

Price reaction & history

Wheat (SRW)▲bullishSO FAR1d +0.2%5d -2.0%20d -1.7%

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.

Dec 2, 2019ABARES crop report forecasts winter production slump for third year in a row - ABC News-0.7%
Nov 1, 2018Australia set for smallest winter crop in a decade: Rural Bank - Grain Central-3.7%
Sep 22, 2020Drought hampering Black Sea crop sowing sparks light in wheat prices | The Land | NSW+5.6%
Feb 19, 2020The reduction in sowing areas of winter wheat in the EU almost does not reduce the crop in the new season-1.6%
Dec 4, 2018Winter crop production down after poor start to spring: ABARES - Grain Central-0.3%

Barley▲bullish

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.

Wheat (SRW) WHEAT · GP ▸

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Barley BARLEY · GP ▸

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