Loading…
Australia's winter crop is forecast to fall 33% to 40.1 million tonnes in 2017/18 from the record 2016/17 crop, according to ABARES. Wheat is forecast down 31% and barley down 39%, though total output is still around the five-year average.
The expected drop in Australian wheat and barley exports supports world grain prices and makes Australian feed barley less available to buyers in Asia.
graincentral.comGrain CentralJun 14, 2017After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
