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ABARES now forecasts Australia's 2025-26 winter crop at 66.3 million tonnes, the second-highest on record and 35% above the 10-year average. Yields beat expectations in Western Australia, northern New South Wales and Queensland, while a drier spring limited output in south-eastern Australia.
A large national crop expands exportable supplies of wheat and barley, which weighs on global feed grain prices.
afdj.com.auelizabethJan 4, 2026After 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.
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.
