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The DAFF weekly update reports mostly low rainfall across Australian cropping regions in the week to 15 April, with isolated falls in the south. It notes that USDA revised global grain production upward in March, and that favourable conditions there could lift global output beyond earlier forecasts.
Murray-Darling storage levels fell by 84 gigalitres.
Upward revisions to global grain production add supply and cap price gains, while dry Australian conditions remain a background risk.
agriculture.gov.auApr 16, 2026After 1,773 past weather events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +2.1%), 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.
