Loading…
High nitrogen fertilizer prices linked to Middle East developments are pushing Australian farmers to shift acreage from wheat to barley. Analysts forecast a record Australian barley crop of 17.7 million tons and exports of 13 million tons, while Australian wheat output is estimated at 32 million tons and Argentina's at 21.6 million tons.
Larger Southern Hemisphere barley and wheat export supplies add competition in the global feed grain market, which is bearish for feed barley and wheat prices. Lower wheat output in Australia partly offsets this, but the combined export supply from Australia and Argentina weighs on values.
ukragroconsult.comNov 2, 2026ukragroconsult.comNov 2, 2026Not enough comparable past events yet for a historical read.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
