# GrainCorp FY26 slides: earnings fall on grain glut, diversification gains

> GrainCorp reported fiscal 2026 underlying EBITDA of A$223 million, down 27% from A$308 million a year earlier, meeting company guidance. The company handled 28.6 million tonnes of grain, down from 31.6 million, as record global wheat output and multi-year low prices compressed margins. Management described FY27 harvest activity as accelerating after favorable rainfall.

- Date: 2026-11-12 · published 2026-11-12T03:13:45.374Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/94860-graincorp-fy26-slides-earnings-fall-on-grain-glut-diversification-gains
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Surplus global grain supply is discouraging growers from selling, which tightens local grain flows while keeping global wheat prices depressed. Lower margins for grain handlers signal continued weak wheat price levels for feed buyers.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- investing.com: https://www.investing.com/news/company-news/graincorp-fy26-slides-earnings-fall-on-grain-glut-diversification-gains-93CH-5020110
- za.investing.com: https://za.investing.com/news/stock-market-news/graincorp-fy26-slides-earnings-fall-on-grain-glut-diversification-gains-93CH-4569158

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.