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Analysis of the June ABARES report says national winter crop output is forecast at 54.5 million tonnes, down 21% but 4% above the 10-year average. The drop is uneven, with NSW and Queensland down around 37-38% while SA and Victoria hold near average.
The Bureau of Meteorology puts a 60-80% chance on below-average winter rainfall.
Regional divergence and dry-weather risk leave the final crop uncertain, which keeps Australian grain export prices volatile. Buyers should watch rainfall for downside risk to the forecast.
farmonline.com.auAndrew Whitelaw, Episode 3Jun 2, 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.
