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Hail in Victoria’s Mallee damaged crops near harvest, with a Birchip grower estimating that well over half the canola seed on 400 hectares may be lost. Flooded roads and access points are delaying harvest at Lascelles, where a grower estimates hail shredded up to 70% of his lupins; recoverable yields and final losses remain uncertain.
The storm threatens Australian canola and other crop production, potentially tightening supplies and supporting prices if losses prove extensive. Some damaged fields may still be harvested, so the scale of the supply effect is not yet clear.
heyday.newsHeyDay News DeskNov 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.
