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Early estimates for Australia's 2025-26 major crops are appearing ahead of ABARES new-crop figures due June 3. Lachstock puts wheat at 33.26Mt and barley at 13.4Mt, while USDA has canola at 6.15Mt, with dry conditions in southern NSW, South Australia and Victoria driving the spread.
Dry conditions shifting area from canola to wheat and barley point to tighter canola supply and more cereal competition, a modestly bullish canola signal and bearish for barley and wheat prices.
graincentral.comLiz WellsMay 20, 2025Not enough comparable past events yet for a historical read.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
