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Seven fires in north-west Victoria on Tuesday destroyed about 300 hectares of crops ready for harvest, including 180 hectares of lentils near Walpeup. A grain grower also lost over 100 hectares of barley, which was expected to be a near-record yield.
Localized crop losses in Victoria reduce Australian barley and lentil supply, a small but supportive factor for prices given the scale is limited relative to national output.
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.