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New South Wales farmers faced difficult planting decisions ahead of the harvest, with overall state production forecast down by about a third. Some growers planted despite dry conditions while others sat out the season, and many are hoping for summer rain for next season.
Lower Australian grain output from drought reduces export availability and supports feed grain prices for importing buyers.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.