RABOBANK said Australia’s 2026-27 grain and oilseed production is now seen above
prior forecasts at about 63 mln t — only an 8% drop from last year’s unusually
strong crop when barley and canola hit records. The bank noted recent declines
in ASX Jan‑2027 and 2028 contract prices, smaller than falls on CBOT, and said
improving global grain supply is exerting downward pressure on prices.
