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New South Wales farmers are harvesting oats, barley, wheat, canola and chickpeas, with some regions reporting big yields and full silos for the first time in several seasons. Harvest was delayed two to three weeks by wet weather, and frost affected some low-lying areas.
Larger regional crops add to Australian supply, though logistics to port could be a constraint, leaving a mildly bearish effect on grain prices.
abc.net.auDec 1, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 16 past neutral weather events, Oats moved a median +0.8% over 5 sessions (50% higher; middle half -5.9% to +3.3%), and +0.0% over 20.
After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), and +0.2% over 20.
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.
