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Western Australian winter crop sowing has been frustrated by insufficient rain, leaving dry-sown crops without follow-up moisture. GIWA estimates 4.9 million hectares of wheat, 1.28 million hectares of barley and 1.2 million hectares of canola, with canola plantings slightly reduced and barley estimates raised.
Slightly higher barley area in a dry season and lower canola area have mixed effects, with dryness adding some risk to yield prospects for Australian feed grains.
graincentral.comLiz WellsMay 15, 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.
