
A narrow band of severe hail and heavy rain passed over parts of Victoria's Mallee on Monday afternoon, damaging barley, cereals, lentils and field peas. One Dumosa farmer expects his barley yield on the affected patch to fall from six or seven tonnes per hectare to two tonnes, and insurance claims are expected.
Heavy rain may delay harvest by a week to 10 days.
Localised crop losses and harvest delays in a barley and pulse growing area could tighten feed barley supply and support regional prices, though the affected area is small relative to Australian output.
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.