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IBISWorld forecasts Australian grain industry revenues will fall 5.5% in 2016-17 to $13.3 billion. It expects local barley and wheat prices to drop 25.8% and 15.6%, tracking lower world prices and record global stocks.
Record world grain stocks and larger Australian crops point to sustained downward pressure on feed grain prices, lowering the cost of feed ingredients for buyers.
graincentral.comGrain CentralJan 18, 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.
After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% 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.
