# Australia agribusiness monthly November 2026: Spring in their step - Rabobank

> RaboResearch says Australian grain prices are under pressure from better US corn yields and below-normal Black Sea exports, and it forecasts Australia's grains and oilseeds crop 5% below last year. It expects tight palm oil supplies and Black Sea disruptions to support canola, and cattle prices to stay firm on favourable pasture conditions and the China beef quota reset on 1 January.

- Date: 2026-11-04 · published 2026-11-04T18:14:46.663Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/80176-australia-agribusiness-monthly-november-2026-spring-in-their-step-rabobank
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower wheat prices from US and Black Sea factors weigh on the feed grain complex, while firm cattle prices raise the cost of feedlot inputs. Tight vegetable oil supply supports meal and oil values.

## Read by commodity

- WHEAT: bearish ▼
- CANMEAL: bullish ▲
- LCATTLE: bullish ▲

## Sources

- rabobank.com: https://www.rabobank.com/knowledge/q011437378-australia-agribusiness-monthly-november-2026-spring-in-their-step

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.