
Good rainfall and favourable conditions across much of Australia have led to significant upgrades in grain crop forecasts, contributing to domestic price declines. USDA raised its 2022/23 Australian wheat forecast to 33mmt, while a local commodity trader estimates 31.7mmt.
Parts of central west New South Wales face flood damage and possible yield losses of up to 50% in the worst-hit areas.
Larger expected Australian wheat supplies add to export competition and push prices lower. Localised flood losses in New South Wales are the main upside risk to that outlook.
Setelah 334 peristiwa cuaca bearish sebelumnya, Gandum (SRW) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,9% sampai +1,7%), dan -0,2% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.