A USDA FAS report projects Australia's 2026-27 barley crop at a record 17.7 million tonnes, about 40% above the 10-year average. Barley exports are forecast at 13 million tonnes, a second straight record, and wheat production is down about 11%.
Record barley supply and exports weigh on feed barley prices, while the lower wheat crop tightens wheat supply and supports prices.
Not enough comparable past events yet for a historical read.
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.
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.