Loading…
Australian wheat production for 2026-27 is forecast at 31 million tonnes, up 2 million from the prior estimate, according to USDA FAS. The forecast is 14% below the 2025-26 crop of 36 million tonnes, and exports are projected to rise to 24.5 million tonnes.
A larger Australian crop and higher exports add supply to world wheat markets, which is bearish for prices. The El Niño risk to spring rainfall remains a source of upside.
world-grain.comArvin DonleyJul 28, 2026After 1,006 past bearish report events, WHEAT 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.
