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Australia expects its warmest summer in decades as sea surface temperatures in the central Pacific could reach 3.6°C above average. Emergency services are preparing for dangerous fire conditions and storm risks.
A hot, dry Australian summer raises the risk of lower wheat and barley yields from the 2026/27 crop, which would support grain prices.
theillawarraflame.com.auPhebe FidgeNov 2, 2026After 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.
