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Low-pressure systems brought rain and storms to large parts of eastern and central Australia in the week ending 4 November 2026. Rainfall of 50-100 mm fell in Queensland cropping regions and 50 mm in northern New South Wales, with further falls forecast for 5-12 November.
Rain is delaying winter crop harvests and summer planting and raises the risk of grain quality downgrades from moisture at harvest. Supply timing shifts may add modest upward pressure on wheat and sorghum prices.
agriculture.gov.auNov 5, 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.
