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Australia shipped record January volumes of wheat (2.5 million tonnes) and feed barley (1.0 million tonnes), with total wheat, barley and canola exports above 4.0 million tonnes for the first time. India took over a third of wheat shipments and China imported 561,000 tonnes of barley.
Strong Australian export pace to India, China and Saudi Arabia tightens competition in Asian feed and milling markets, supporting export demand for Australian grain.
queenslandcountrylife.com.auLloyd George, Ag ScientiaMar 9, 2017After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
