The Grain Industry Association of Western Australia (GIWA) on Friday raised estimated 2025/26 wheat production by 420,000 metric tons, cementing expectations for a large Australian harvest that will put downward pressure on global prices. With crops already being reaped, GIWA in a monthly report also raised its forecasts for Western Australian barley production by 200,000 tons and canola production by 480,000 tons. The state is likely to produce its biggest ever harvest of all grains combined, it said. Western Australia is the largest crop export region in Australia, a major global supplier of grains and canola. Abundant global supply of wheat helped push benchmark Chicago futures to five-year lows last month, though prices have since regained a little ground. Western Australia should produce 13.1 million tons of wheat, a record-high 7.5 million tons of barley and 4.3 million tons of canola in the current harvest, GIWA said. That compares to average production over the last five ...
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