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A Cargill AWB analyst says the eastern Australian cropping belt faces a difficult harvest after one of the wettest starts to the year on record. Sowing was drawn out and maturity is highly variable, and a significant area of winter crop will go unplanted.
Forward sales are the lowest for this time of year in some time, with under 15% of the crop sold.
Low forward sales and uneven crop maturity leave Australian supply uncertain, which can support wheat prices into harvest. Above-average rain forecast through spring adds to the yield risk.
theland.com.auMatt Wallis, Cargill Awb17 Agu 2022Setelah 224 peristiwa cuaca netral sebelumnya, Gandum (SRW) bergerak median -0,1% selama 5 sesi (46% lebih tinggi; separuh tengah -1,4% sampai +1,5%), dan +0,4% 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.
