# Australian Wheat Crop Expected to Drop 26% on Weather, War Costs - Bloomberg

> Bloomberg reports Australia's winter wheat crop is forecast to fall more than a quarter in 2026-27 to 26.7 million tonnes, down 26% and below both five- and ten-year averages. The decline is attributed to unusually dry weather, low global prices and higher input costs from the Middle East war.

- Date: 2026-06-01 · published 2026-06-01T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/18774-australian-wheat-crop-expected-to-drop-26-on-weather-war-costs-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A sharp Australian wheat shortfall reduces export supply and supports world wheat prices. Low prices and high input costs suggest the reduction could persist if growers cut inputs further.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-07-11 | [Dry weather affecting Australian wheat crop \| World-grain.com \| July 11, 2018 12:26 \| World Grain](https://feedsoft.ai/events/63984-dry-weather-affecting-australian-wheat-crop-world-grain-com-july-11-2018-12-26.md) | +3.2% | +8.9% |
| WHEAT | 2024-04-30 | [Declines expected for Australian wheat, barley - MarketsFarm](https://feedsoft.ai/events/30667-declines-expected-for-australian-wheat-barley-marketsfarm.md) | +2.3% | +14.7% |
| WHEAT | 2025-04-29 | [Smaller Australian wheat crop in 2025/26 \| Farmtario](https://feedsoft.ai/events/25091-smaller-australian-wheat-crop-in-2025-26-farmtario.md) | +2.1% | -2.8% |
| WHEAT | 2025-04-01 | [Australia Boosts Wheat Output Estimate on Bumper Crops in States](https://feedsoft.ai/events/25545-australia-boosts-wheat-output-estimate-on-bumper-crops-in-states.md) | -0.8% | +1.8% |
| WHEAT | 2026-05-26 | [Australia looks to smaller winter crop, impacted by mixed weather and high input costs: Rabobank I Australian Rural & Regional News](https://feedsoft.ai/events/19237-australia-looks-to-smaller-winter-crop-impacted-by-mixed-weather-and-high-input.md) | -0.7% | +0.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-06-01/australian-wheat-crop-expected-to-drop-26-on-weather-war-costs

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.