Loading…
Australian wheat and canola crops avoided heat shock episodes during their development despite a major El Niño. Rainfall was scarce in some production basins but sufficient nationally, and production prospects remain relatively high as harvest begins.
Excess rain in recent weeks in eastern Australia could noticeably degrade harvest quality.
Solid Australian wheat and canola output adds supply to the export market and limits upward pressure on feed grain prices. Quality downgrades from rain could shift some tonnage toward feed grade, weighing on wheat values.
terre-net.frNov 5, 2026After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% 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.
