Australia Wheat Plantings Seen at Seven-Year Low on War, Weather

Australia’s wheat acreage for the 2026/27 crop is expected to fall to a seven-year low, according to a Bloomberg survey, as weak prices and shortages of fertilizer and fuel weigh on harvest prospects in one of the world’s largest exporting nations.

With winter-crop sowing now starting nationwide, Australia’s wheat planting is seen shrinking by about 7.5% from a year earlier, according to the average forecast of nine grains traders and analysts. That would bring the total wheat area to 11.5 million hectares – around 1 million less than last year, and the smallest acreage since 2019.