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IndexBox summarises the December ABARES report, which forecasts Australia's winter crop at 66.3 million tonnes, 10% above last year and the second highest on record. Wheat is seen at 35.6 million tonnes and barley at a record 15.7 million tonnes.
Canola is forecast at 7.2 million tonnes, and planted winter crop area is 25.1 million hectares.
A record barley crop and a large wheat harvest add to exportable supply for Asian feed buyers. This weighs on wheat and barley prices through the 2025/26 marketing year.
indexbox.ioDec 2, 2025After 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.
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.
