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ABARES raised its 2025/26 estimates for Australian wheat, barley and canola on higher-than-expected yields. Barley is put at a record 16.3 million tons and wheat near 36 million tons.
Larger Australian wheat, barley and canola supplies add export competition and tend to pressure global feed grain prices.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.