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ABARES expects Australia's gross agricultural production value to hit a record $63.8 billion in 2016-17 before easing. Livestock values are down 2.6% as graziers restock, and farm exports are forecast at a record $48.7 billion.
The outlook highlights record Australian crop exports and flags China slowdown and policy risks, which bear on global feed grain demand.
abc.net.auAnna VidotMar 6, 2017After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
