◂ Event Timeline

Mar 2, 2026REPORTAustralia

ABARES confirms record for barley; canola, wheat lift

ABARES confirmed a record Australian barley crop of 16.33 million tonnes, with wheat revised to 35.99 million tonnes and canola to 7.68 million tonnes. Western Australia reached a record winter crop of 26.9 million tonnes.

WHY IT MATTERS

Record barley output and larger wheat and canola crops expand Australian export supply, which typically pressures global grain and meal prices.

AFFECTSBARLEY▼WHEAT▼

SOURCE
graincentral.comGrain CentralMar 2, 2026

Price reaction & history

BARLEY▼bearish

Not enough comparable past events yet for a historical read.

WHEAT▼bearishSO FAR1d -0.9%5d +1.6%20d +0.1%

After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

Dec 1, 2025ABARES lifts forecasts for canola, wheat, barley - Grain Central+1.9%
Mar 3, 2025ABARES lifts forecasts for wheat, barley, canola - Grain Central-3.4%
Nov 30, 2020ABARES lifts national wheat, barley, canola forecasts - Grain Central-0.9%
Sep 7, 2020ABARES lifts national wheat, barley, canola forecasts - Grain Central+10.0%
Dec 5, 2022ABARES forecasts record wheat, canola crops - Grain Central-9.5%

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.

BARLEY · GP ▸

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WHEAT · GP ▸

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