The USDA attache in Australia is calling for a smaller wheat crop in 2025/26.

Smaller Australian wheat crop in 2025/26

Dry conditions cut into production says USDA attaché

Australian wheat production has been projected to drop in 2025/26 by 3.11 million tonnes, according to the United States Department of Agriculture attaché in Canberra. The attaché projected the country’s wheat output at 31 million tonnes for the coming marketing year.



“But we lost a lot of acres… which suggests to me that some organic guys have let some of their organics land go. And they are growing canola on the side,” says Laura Telford. Photo: Greg Berg

ICE Canada Weekly: Canola in a good position

July contract to hit C$700/tonne, just when?

Canola futures are expected to climb higher on the Intercontinental Exchange in the coming weeks, commented Phil Speiss, trader with RBC Dominion Securities in Winnipeg. How quickly that happens is dependent on whether demand rationing kicks in or not.