# Drier conditions on the horizon after record year - DAFF

> ABARES forecasts Australia's agricultural production value to reach a record $101.4 billion in 2025-26 before easing in 2026-27. Crop prices are expected to decline as global prices fall, and gross farm value is forecast to drop six per cent.

- Date: 2026-03-02 · published 2026-03-02T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/20125-drier-conditions-on-the-horizon-after-record-year-daff
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected lower Australian output and falling global crop prices in 2026-27 point to softer grain export prices over the coming season.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-10-19 | [On track for near-record harvest - The Guardian](https://feedsoft.ai/events/39071-on-track-for-near-record-harvest-the-guardian.md) | -0.5% | +2.1% |
| WHEAT | 2026-05-18 | [France’s cereal crop conditions stabilize after April drought](https://feedsoft.ai/events/19183-france-s-cereal-crop-conditions-stabilize-after-april-drought.md) | +0.4% | -4.2% |
| WHEAT | 2021-02-15 | [Winter harvest near record, summer crop on the improve: ABARES - Grain Central](https://feedsoft.ai/events/48595-winter-harvest-near-record-summer-crop-on-the-improve-abares-grain-central.md) | +9.4% | +9.0% |
| WHEAT | 2017-02-14 | [Winter crop crosses the finish line on a record high - Grain Central](https://feedsoft.ai/events/72460-winter-crop-crosses-the-finish-line-on-a-record-high-grain-central.md) | -0.8% | -1.2% |
| WHEAT | 2016-12-07 | [Winter crop production to hit record high: ABARES](https://feedsoft.ai/events/73447-winter-crop-production-to-hit-record-high-abares.md) | +1.1% | +0.2% |

## Sources

- agriculture.gov.au: https://www.agriculture.gov.au/about/news/abares-march-reports

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