
RaboResearch says Australian grain prices are under pressure from better US corn yields and below-normal Black Sea exports, and it forecasts Australia's grains and oilseeds crop 5% below last year. It expects tight palm oil supplies and Black Sea disruptions to support canola, and cattle prices to stay firm on favourable pasture conditions and the China beef quota reset on 1 January.
Lower wheat prices from US and Black Sea factors weigh on the feed grain complex, while firm cattle prices raise the cost of feedlot inputs. Tight vegetable oil supply supports meal and oil values.
Not enough comparable past events yet for a historical read.
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.