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Record yields, biggest canola harvest on record: Australia's 63m tonne crop
Rabobank said strong yields in Western Australia, South Australia and Victoria are offsetting weaker eastern crops and supporting prices.
- On Tuesday, Rabobank projected a record 8.1 million tonnes of canola for 2026-27, more than 15 per cent above the five-year average, according to its winter crop forecast.
- Australia's total winter crop volumes reached 62.9 million tonnes, about 8 per cent below last season, as hot, dry spring conditions constrained production in Queensland and NSW.
- South Australia and Victoria are producing "a season for the record books," while canola prices hover above $800 a tonne due to strong biofuel and food sector demand.
- Global oilseed consumption is expected to outpace production, supporting prices, while Black Sea shipping disruptions and potential Panama Canal drying conditions add logistical challenges to grain exports in coming months.
- A Commonwealth Bank analysis released in early October warns Nino could cost $13.4 billion over the next two years, potentially eroding gross domestic product as growers navigate shifting climatic conditions.
Insights by Ground AI
14 Articles
14 Articles
Winter crop production in Australia in 2026/27 MR could decline by 7.9% compared to last season — to 62.9 million tonnes. At the same time, the figure will remain 2.6% higher than the average over the past five years, Rabobank predicts. The largest decrease is expected in wheat production — by 13.3%, to 31 million tons. Barley yields may decrease by [...] The post Winter harvest in Australia will fall by 8%, canola will update the record first a…
Coverage Details
Total News Sources14
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
12%
Factuality
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