Rabobank forecasts Australia's 2025/26 winter grain and oilseed crop at 62.8 million tonnes, up 6.4% from last season and 6.1% above the five-year average. Above-average rainfall in Western Australia and northern New South Wales supports higher wheat, canola and barley output.
Rabobank warns that global grain supply is surging, pressuring prices.
A larger Australian crop plus rising global supply signals weaker export prices for Australian wheat and barley in the coming season.
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.
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.