
ABARES says the 2017-18 winter crop harvest held up better than feared in Western Australia, Victoria and South Australia, while Queensland and NSW output came in below downgraded forecasts. Summer planting area is up slightly at 1.3 million hectares, but soil moisture is well below average and worsening.
Irrigation water storage is about a third lower than a year earlier.
Dry soils and weak summer prospects raise the risk of further supply shortfalls in sorghum and other feed grains, which would support local feed prices. The outlook depends on rainfall over the rest of the season.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 1.072 peristiwa cuaca bullish sebelumnya, Gandum (SRW) bergerak median +0,2% selama 5 sesi (55% lebih tinggi; separuh tengah -1,4% sampai +2,3%), dan +0,3% 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.