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Wet October weather has delayed grain harvest progress in Australia, with GrainCorp yet to report its first 2026–27 receivals and harvest only gradually advancing in several states. NSW and Queensland ASW wheat prices have risen to about A$355 per tonne at Port Kembla despite falling Chicago wheat values, while prices in southern markets remain weak amid expectations of a large harvest and ample old-season grain.
Delayed harvesting can tighten nearby availability and support local wheat premiums, while expectations of a strong southern harvest and ample stocks weigh on prices further south. This creates divergent regional price signals for Australian feed and grain buyers.
mecardo.com.auAngus BrownNov 10, 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.
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.
