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The weekly DAFF climate update reports little rain across most Australian cropping regions in the week to 22 April, with mainly dry conditions in Queensland and New South Wales. It forecasts below-median rainfall for May to July across eastern and south-eastern Australia.
Murray-Darling storage levels also fell.
A drier outlook for the 2026 winter cropping season raises downside production risk, which supports Australian wheat and barley prices.
agriculture.gov.auApr 23, 2026After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
