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Australian growers have sold much of last year's record grain crop and are weighing 2017 planting options. ABARES expects wheat plantings to fall 1% to 12.8 million hectares and barley output to drop to 8.5 million tonnes.
Lower expected Australian wheat and barley output in 2017-18 may modestly support export prices, though a shift toward canola and pulses reshapes the feed supply mix.
stockandland.com.auLloyd George, Ag ScientiaMar 15, 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.
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.
