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ABARES's quarterly Australian Crop Report forecasts wheat at 30.6Mt, barley at 12.8Mt and canola at 5.7Mt for 2025-26. Chickpea output is forecast down 17% while lentil output is forecast up 17% on a record planted area.
Lower Australian wheat and barley forecasts reduce export supply, supporting world wheat and barley prices.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), 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.