
Australia's 2025-26 winter crop reached 66.3Mt, the second largest on record, despite dry conditions in South Australia, Victoria and NSW. Yields beat expectations in many areas, with late October rain helping crops.
Strong national output adds to global grain supply and supports the bearish price backdrop for feed grains sold into export markets.
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.
After 72 past bearish report events, Oats moved a median +0.2% over 5 sessions (50% higher; middle half -3.7% to +3.8%), and -2.5% over 20.
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.