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GrainCorp, which handles about half of eastern Australia's grain, reports near-record silo volumes across NSW, Victoria and Queensland. Some sites set records, and about 12 million tonnes of wheat, barley, canola and chickpeas have been received.
Victoria's winter harvest is still underway.
Large eastern Australian volumes confirm abundant regional supply, which pressures local wheat and barley prices and export competitiveness.
abc.net.auAdrienne FrancisJan 10, 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.
