An Australian outlook forecasts the value of Australian crop production to fall 4% to A$50.7 billion in 2025-26 as output declines under expected drier conditions. It also expects crop export value and volume to fall but remain above the 10-year average, with world crop prices rising on tight global supply.
A smaller Australian crop and tight global supplies point to firmer wheat and barley prices, supporting feed grain costs for importers.
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.
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.