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CSIRO's Wheatcast projects a national median wheat yield of 2.56 tonnes per hectare, well above the 15-year average. The likely range is 2.1 to 3.2 tonnes per hectare.
A well-above-average yield implies a larger Australian crop and more export supply, which weighs on wheat prices. Spring weather could still shift the outcome.
farmingahead.com.auJenna SantosJul 22, 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.
