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Low-pressure systems brought heavy rain to northern Australia in the week to 18 February, with 50mm or more in many areas and no significant agricultural losses reported. Cropping regions were dry in the south and wet in the northeast, with further rain forecast for the southeast.
Soil moisture recovery in southern cropping areas supports the coming crop outlook, which modestly eases supply concerns for Australian grain.
agriculture.gov.auFeb 19, 2026After 224 past neutral weather events, WHEAT moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
