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ABARES's first outlook puts Australia's 2025-26 wheat crop at 30.5 million tonnes, about 10% below the previous season but 15% above the 10-year average. Above-normal soil moisture in key states could encourage farmers to plant more than usual.
Planting is set to begin around April.
A smaller expected Australian crop next season tightens export availability versus the current bumper year and supports wheat prices. Planting conditions will determine whether the cut is larger or smaller.
bloomberg.comKeira WrightApr 1, 2025After 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.
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.
