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A hailstorm swept through Victoria's Mallee region, damaging thousands of hectares of wheat, barley, lentils, canola and other cereal crops just before harvest. Crops in the area had been expected to deliver record potential yields.
Insured farmers will face assessments while uninsured growers have no recourse.
Losses of barley and wheat in a major Australian region tighten export supply and support feed grain prices. The scale of the damage is regional, so the price effect is likely moderate unless losses spread.
abc.net.auAngus Verley, Petra OatesNov 5, 2026Not enough comparable past events yet for a historical read.
After 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.
