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July rains improved Australian wheat crop prospects, with current estimates above 30 million tonnes and some as high as 33-34 million. Analysts said Victoria and South Australia still need spring rain to maintain good projections.
Rising Australian wheat supply expectations add to global wheat availability, a bearish factor for world wheat prices and feed grain alternatives.
fastmarkets.comMasha BelikovaAug 7, 2025After 334 past bearish weather events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
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.
