Australia Raises Wheat Forecast to Fourth Largest After Rain

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.

• Dec 3, 2024Australia raises wheat production forecast by 60,000 tons+1.1%
• Sep 3, 2024Australia raises wheat production forecast by 2.7 mln tons+1.6%
• Oct 20, 2025Australia’s wheat harvest forecast raised to near-record level+0.7%
• Mar 3, 2025Australia increases wheat harvest forecast to 34.1 mln tons-3.4%
• Oct 13, 2026Australia’s winter harvest forecast ‘large but lower’ – Rabobank-0.4%

Not enough comparable past events yet for a historical read.