
University of Queensland researchers forecast well below average wheat yields across much of Australia's wheat belt, especially central and northern New South Wales and southern Queensland. Their crop model links yield outlook to the El Niño-Southern Oscillation phase and historical analogue weather.
Poor Australian wheat yield prospects reduce exportable supply and support global wheat and feed barley prices.
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.