
ABARES raised its September Australian winter crop forecast by 2% to 62 million tonnes for 2025/26, the third-largest on record. Yield potential is rising in northern NSW, Queensland and Western Australia, while southern regions remain uncertain.
A larger Australian crop expands export supply and, alongside record global wheat output, is softening cereal and oilseed prices.
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.
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.