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Australian Wheat Crop Expected to Drop 26% on Weather, War Costs

Bloomberg Markets · Jun 1, 2026, 10:00 PM · Also reported by 1 other source

Australia’s winter wheat crop is forecast to fall by more than a quarter in the 2026/27 season due to unusually dry weather, low global prices and higher input costs resulting from the war in the Middle East.

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The Hill We're having the worst wheat crop in decades. You'll notice the ripple effects soon at the grocery store

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Australian Wheat Crop Expected to Drop 26% on Weather, War Costs

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