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Australia raised its 2026-27 wheat forecast to 29.9Mt, about 12% above June's estimate, after strong winter rains. Crops are maturing early with well-above-average yield potential.
Fighting in the Black Sea is constraining supplies and boosting demand for Australian wheat from Southeast Asia and the Middle East.
A bigger Australian crop offsets some of the Black Sea supply loss, which limits wheat price gains, though firmer export demand supports values.
livemint.comBloombergAug 31, 2026After 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.
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.
