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Flooding in New South Wales' Lachlan Valley has wiped out crops on several farms, including Myall Park near Forbes. Farmers with income protection policies expect payouts covering the gap between grain value and 75-80% of five-year average income per hectare.
Regional flood losses in NSW reduce local barley, wheat and oat supply, but the scale is local and unlikely to move world prices much. Insurance payouts help sustain farm income rather than change crop volumes.
graincentral.comGuest AuthorNov 25, 2016Not enough comparable past events yet for a historical read.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
