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A severe hailstorm in Victoria’s Mallee damaged thousands of hectares of wheat, barley, lentils, canola and other crops shortly before harvest. A farmer reported that 400 hectares of canola were badly hit, with losses potentially exceeding half of that area’s yield.
Crop damage reduces expected Australian grain and oilseed supplies, which can support affected commodity prices if losses prove widespread. The eventual market impact depends on assessments of the damage and harvestable area.
daily8.comABC NewsNov 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.
