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.




Canola futures prices have just about recovered from the decline caused by the imposition of Chinese tariffs on canola meal and oil. Canola products sales to the U.S. continue without any tariffs.

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.