
Wheat crop estimates for 2025/26 in New South Wales have jumped after widespread rain, with the Bureau of Meteorology forecasting above-average August to October rainfall. Feedlot demand for wheat and barley in northern NSW and the Darling Downs has weakened, and growers still hold ample supply.
Weaker local feed demand and improving crop prospects point to softer domestic feed grain prices in eastern Australia.
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.
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.