The article provides an overview of the bearish price outlook for Australia's major grain export, wheat, as the country prepares for harvest with a lack of forward sales, particularly to China. The global market is saturated with wheat competition, and China's shift towards corn has reduced wheat imports. Australia had previously forward sold up to 30% of its wheat to China in the previous harvest. The domestic market will absorb about 10Mt of the expected 30Mt wheat production, leaving an export surplus that will face competition from other exporters like Russia. The article also discusses the potential for above-average seasons in New South Wales and Queensland, but questions the ability of high-protein wheat to fetch a significant premium in the export market due to competition from Canada. The price outlook for canola and pulses is more promising, though.