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Farmers in southern Australian states report yields up to a third above pre-harvest expectations, particularly in Victoria. The gains came despite a second consecutive year of below-average rainfall in parts of South Australia.
The national winter crop is tracking close to the 66.3 million tonne forecast.
Better-than-expected yields raise available Australian wheat and barley supply, which adds modest downward pressure on export prices.
farmonline.com.auGregor HeardJan 5, 2026After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
