NASHVILLE, Tenn. (RFD-TV) — A bigger Australian harvest is helping swell world grain supplies and weigh on prices heading into 2026. National production for the 2025/26 season is forecast at 64.2 million tons, up 5.2 million tons or 8.8 percent from last year, supported by widespread rainfall across key grain belts. Western Australia could record its second-largest crop on record, while Queensland and northern New South Wales continue to benefit from strong soil moisture reserves.
Improved wheat and canola yields, alongside expanded barley plantings, are driving the increase, according to Rabo Research. However, Australia faces tough export competition as large crops in Russia, the European Union, and the United States add to global supply. High carryover stocks in Australia and Canada are also limiting price upside, leaving domestic wheat values under pressure even as export demand stays firm.
Barley output is on track for near-record levels, putting more focus on export pace and feed grain use in domestic livestock sectors. Canola exports to Europe may soften with stronger EU production, though reduced sunflower output elsewhere and restocking needs could support non-GM canola prices. Chinese demand for Australian canola is expected to strengthen again in 2026, improving prospects for GM varieties.
Farm-Level Takeaway: Australia’s expanding harvest and global oversupply are keeping wheat and barley prices capped, though canola markets may hold firmer on shifting oilseed demand.
Tony St. James, RFD-TV Markets Expert
This isn’t your average baked macaroni. Justin Wilson’s Macaroni, Sausage, and Pecan Casserole brings together comfort and creativity in one unforgettable dish.
A rich, old-fashioned bread pudding made with brandy, raisins, and vanilla—baked until golden and full of warm Southern flavor, just like Justin liked it!
“South central Kansas is really behind schedule...”
Justin Wilson’s Shrimp and Macaroni Casserole features bold, Cajun spice and big flavors—you’ll love this easy, crowd-pleasing dish.
This is the basic roux. Cajuns will say that a finished roux shines. This is the only roux recipe you’ll ever need — I GARONTEE!
Fluffy, golden, and full of Southern charm—these Cajun Buttermilk Biscuits from Mr. Justin Wilson are quick to make and impossible to resist!
This cast-iron Meat Lover’s Pizza is loaded with beef, sausage, ham, pepperoni—and ALL the cheese. It’s deep-dish, crispy-edged, and unapologetically extra.
All your cheeseburger faves—on a pizza! Beef, bacon, pickles, and melty cheese in every bite. It’s bold, beefy, and totally crave-worthy.
Crispy crust, creamy Gorgonzola, salty prosciutto, and peppery arugula make this pizza fancy, fast, and full of flavor!
