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Soaking rains across most Australian cropping regions in late July pushed new crop wheat prices down $10 to $15 a tonne. ABARES is forecasting Australian wheat output at 30.5 million tonnes, and expectations for wheat and barley production are rising after the rain.
Better production prospects weigh on Australian wheat and barley values and reduce the premium for feed barley in export and domestic markets.
queenslandcountrylife.com.auLloyd George, Ag ScientiaJul 29, 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.
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.
