According to Jin10, Rabobank expects Australia's 2026-27 grain and oilseed output to exceed its previous forecast, with annual crop production reaching 63 million metric tons, 8% below last year's strong harvest, when barley and canola production both set records. Prices for Australian Securities Exchange contracts for January 2027 and 2028 have recently fallen, but by less than related Chicago Board of Trade prices. Rabobank said improving global grain supply is putting downward pressure on prices.