
ABARES forecasts Western Australia's 2025/26 wheat output to fall about 13% because of hot autumns, dry soils and erratic rain. Barley plantings rose 5.6% to 1.9 million hectares, and canola plantings rose 6.3%, although northern canola sowings were cut by more than half.
A smaller Western Australian wheat crop tightens wheat supply, while a larger barley area adds feed grain supply, so wheat and barley price effects partly offset each other.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.