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Rural Bank and Rural Finance estimate Australia's winter crop will approach 50 million tonnes, with wheat up 16% to 28 million tonnes and barley up 11% to 10 million tonnes. Yields are expected to be strong despite water damage in central west NSW and frost in Western Australia.
A near-record winter crop increases Australian export availability for wheat and barley, which typically weighs on feed grain and malting prices.
farmonline.com.auGregor HeardNov 22, 2016After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
