# Rabobank expects Australia's 2026-27 crop output at 63 million tonnes

> Rabobank forecasts Australia's 2026-27 crop output at 63 million tonnes, down 8% from last year's strong harvest, which had record barley and canola output. The bank says Australian exchange contracts for January 2027 and 2028 have recently fallen, though by less than CBOT prices. It attributes the pressure to improving global grain supply.

- Date: 2026-11-05 · published 2026-11-05T03:14:41.863Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/81098-rabobank-expects-australia-s-2026-27-crop-output-at-63-million-tonnes
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A crop of 63 million tonnes is still ample, which helps keep global wheat and barley supplies comfortable and limits price gains. Lower Australian futures point to softer prices for feed grains.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-01-30 | [USDA attache sees Australia 2022/23 wheat crop at 37 million tons](https://feedsoft.ai/events/37735-usda-attache-sees-australia-2022-23-wheat-crop-at-37-million-tons.md) | +3.4% | +1.2% |
| WHEAT | 2017-02-14 | [Australia's winter grain crop officially a record at 59 million tonnes - ABC News](https://feedsoft.ai/events/72461-australia-s-winter-grain-crop-officially-a-record-at-59-million-tonnes-abc-news.md) | -0.8% | -1.2% |
| WHEAT | 2022-10-25 | [USDA Sees Australian Wheat Crop at 34 Million Tons \| KQLX](https://feedsoft.ai/events/39073-usda-sees-australian-wheat-crop-at-34-million-tons-kqlx.md) | -5.1% | +3.4% |
| WHEAT | 2022-12-06 | [Australia's MY 2022-23 wheat output forecast at record 36.6 mil mt](https://feedsoft.ai/events/38214-australia-s-my-2022-23-wheat-output-forecast-at-record-36-6-mil-mt.md) | +9.9% | +9.2% |
| WHEAT | 2026-08-31 | [Another big one: Australia heads for a 61 million tonne winter crop - Episode 3](https://feedsoft.ai/events/17874-another-big-one-australia-heads-for-a-61-million-tonne-winter-crop-episode-3.md) | +2.4% | +6.4% |

## Sources

- guandian.cn: https://www.guandian.cn/m/show/623503

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