Farmers in South Australia, north-west Victoria and western New South Wales remain alert to plague locust numbers, which have built up under favourable outback conditions. Growers say they are not expecting significant yield damage to winter crops, though the Australian Plague Locust Commission warns the threat is not over.
Limited expected damage to Australian winter grain supply keeps export availability intact, which is neutral to mildly bearish for feed grain prices. A wet summer could allow locust numbers to rebuild and pressure the next crop.
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.
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.