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Western Australia's 2016-17 harvest receivals exceeded 16 million tonnes, a state record above the 2013/14 total. The record came despite September frosts that cut yields in some districts.
Quality has held up well.
A record WA crop adds to Australian export supply, adding downward pressure on wheat and barley prices.
graincentral.comHenry WellsJan 9, 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.
