
Australian 2025-26 production prospects are improving after regular rain through July, including the driest parts of South Australia. A negative Indian Ocean Dipole is increasingly likely, typically bringing above-average rainfall to southern Australia in spring.
Improving Australian wheat, barley and canola prospects expand export supply, which is bearish for global grain prices.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.