ABARES's September crop report raises forecast yields for Australia's winter crops on good winter rain in Victoria and South Australia. Wheat is projected at 29.8 million tonnes, up 11.7% from June but 17% below 2025, and barley is expected to rise 16% from June.
Higher yields mean more Australian wheat and barley for export, which weighs on prices for these grains in the international market.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.