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Analysts now expect Australia's wheat harvest at 32-35 million tonnes, raised after improved crop conditions. Australian Crop Forecasters raised its wheat forecast 7% to 33.1 million tonnes, and ABARES publishes its updated estimate on September 2.
A larger Australian wheat crop adds to global supply while Chicago prices are near their lowest since 2020, pressuring wheat values.
tradingview.comAug 27, 2025After 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.
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.
