NSW winter crop growers report mixed results after drought, with some crops beating expectations and others never planted. Australia's overall winter crop is forecast to fall by about a third, though NSW remains on track to be the second-highest producing state behind WA.
A roughly one-third fall in the national winter crop tightens Australian wheat and barley supply, which supports export prices and feed grain values. Rising fuel and fertiliser costs add pressure on growers.
After 1,076 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.