
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.
Na 224 eerdere neutraal weer-gebeurtenissen bewoog Tarwe (SRW) zich mediaan -0,1% over 5 sessies (46% hoger; middelste helft -1,4% tot +1,5%), en +0,4% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.