Mild spring temperatures lift Western Australia's wheat production, GIWA says

By Reuters News

- The Grain Industry Association of Western Australia (GIWA) on Friday increased its forecast for the state's wheat harvest by 864,500 metric tons to 10.9 million tons, saying mild spring temperatures had helped the crop.

Australia is one of the world's biggest suppliers of wheat, barley and canola, and Western Australia is the country's largest crop export region.

Extra Western Australian supply will put downward pressure on prices. Benchmark Chicago wheat futures last month rose to their highest since February 2023 as the Russia-Ukraine war disrupted exports from the Black Sea.

GIWA also raised its barley production forecast for Western Australia by 190,000 tons to 6.8 million tons in its monthly report and lowered its projection for the state's canola crop by 179,500 tons to 4.6 million tons.

Harvesting is getting underway in Australia and will continue to around year-end.

Following are GIWA's latest estimates in metric tons, with comparisons to last month's forecasts and to last year's production.


Wheat

Barley

Canola

2026

10,885,500

6,800,000

4,600,500

2025

13,300,000

7,640,000

4,370,000


-18%

-11%

5%

y-o-y change

-2,414,500

-840,000

230,500





Sept 2026 estimates

10,021,000

6,610,000

4,780,000

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk