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The weekly DAFF update reports light rain across parts of southern and central Australia in the week to 15 July, with Queensland, northern New South Wales and Western Australia largely dry. Forecast rain for Western Australian cropping areas is 5-50 millimetres.
Adequate soil moisture in the south supports winter crop growth, which limits upside in Australian grain prices. Dryness in the north keeps some supply risk in place.
agriculture.gov.auJul 16, 2026After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
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.
