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ABARES forecasts Australian winter crop production to fall 21% in 2026-27, with New South Wales and Queensland hit hardest by dry conditions. Gross agricultural production is expected to fall 5% and export earnings 9%.
A sharp drop in Australian winter crop output reduces export supplies of wheat and barley, which supports world prices. Lower livestock returns could also reduce feed demand over time.
countrynews.com.auContributedJul 5, 2026After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
