Loading…
World Grain reports ABARES forecasts Australia's 2026-27 winter area at 23.6 million hectares, down 7%, with wheat output falling 26% to 26.7 million tonnes. Barley area is set to rise 4% to 5 million hectares on strong prices and lower fertiliser needs.
ABARES warns of downside risk from fertiliser supply and a drier winter.
A 26% drop in Australian wheat output, well below recent averages, removes a major export supply and supports world wheat prices. Fertiliser supply risks could push output lower still.
world-grain.comJohn ReidyJun 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.
